| High-end consumers to be hit as products like plasma TVs, smartphones will cost more. In a major blow to high-end consumers, the prices of rare earth minerals have almost doubled in the second quarter of the current calendar year from the first quarter, mainly on account of various restrictions imposed by the Chinese government.
Rare earth minerals are used extensively for manufacturing plasma televisions, smartphones and energy-saving light bulbs, among a growing number of items. Almost the entire world supply comes from China..............................................Full Article: Source
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