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Surge in Lamp Prices Rocks Lighting World
Electrical distributors, manufacturers and independent reps are used to some pretty radical price changes for wire and cable because of the wild swings in copper pricing. But they probably didn’t see double-digit increases in lamp prices coming until they started opening letters from their suppliers regarding some pretty hefty price hikes over the past few weeks.
Drastic reductions in Chinese exports of the rare earth metals used in many different types of lamps have touched off a global surge in pricing for these metals. TCP Inc., Aurora, Ohio, sent a bulletin to its distributors that said that the rare-earth phosphor used in compact fluorescent lamps reportedly rose up to 800 percent. Rocked by increases in their materials costs, lighting manufacturers have announced a slew of price increases.
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
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