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Cheap Rare Earth Metals Provide a Boost to the LED Industry

A glut of manufacturing capacity and near-collapse in rare earth metal prices is driving down the cost and hence encouraging the rapid take-up of light-emitting diode (LED) lighting. LED lights are based on semiconductors and therefore do not require traditional lamp manufacturing expertise. This has opened opportunities for LED chipmakers to challenge the incumbent incandescent light bulb manufacturers such as Philips, Osram and General Electric.

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