According to the "Rare Earth Report" released by Roland Berger, an internationally renowned strategic consulting firm, the price of rare earths is gradually stabilizing, but it is still at a high level. Companies must take the right steps to ensure their future competitiveness.
According to the report, suppliers of electric vehicles and wind turbine magnets, LED lamp manufacturers, automotive batteries and catalytic converters are particularly challenged by high prices.
The report shows that companies are taking a series of different measures to deal with high prices. According to analysis, more and more companies are looking for other countermeasures, such as working with other companies. Among them, some companies are considering moving their production bases to China, because China is the main source of rare earths, and the price of rare earths is correspondingly lower.
According to the report, suppliers of electric vehicles and wind turbine magnets, LED lamp manufacturers, automotive batteries and catalytic converters are particularly challenged by high prices.
The report shows that companies are taking a series of different measures to deal with high prices. According to analysis, more and more companies are looking for other countermeasures, such as working with other companies. Among them, some companies are considering moving their production bases to China, because China is the main source of rare earths, and the price of rare earths is correspondingly lower.
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