Cabot Hikes Prices for Fine Cesium Chemicals

Cabot, a specialty chemicals and performance materials company, said pre-market Wednesday that it will increase prices by up to 18% for its fine cesium chemicals product portfolio, effective April 12.

The company said in a statement that demand for its fine cesium chemicals products increased in late 2016 and has continued into 2017. Cabot said this price adjustment is required to support ongoing investments in its fine cesium chemicals manufacturing facility co-located with its mining operations in Lac du Bonnet, Manitoba, Canada.

The increase will also help to ensure Cabot remains a reliable, long-term supplier of high quality cesium products, and continues to deliver exceptional support to its customers, the company added.

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