Flippa , Pricing from MiningNews.Net
Nickel leads supercharged gains for base metals
NICKEL surged to a three-year high overnight on concerns it would be impacted by sanctions on Russia.
LME cash nickel closed 7.4% higher at US$15,224 per tonne.
The Scandium part from the last AUZ presentation. I believe Scandium will play a role in the EV revolution.IMO
Potential upside from scandium
In addition to developing multiple battery metal operations, Australian Mines has established a Research and Development Division researching the application of MIG fighter-jet superalloy for the electric vehicle sector
The advantage of this superalloy over conventional metal includes:
- Light as aluminum (reduces vehicle weight)
- Strong as steel (increases vehicle safety)
- Weldable (faster vehicle build times)
- Significantly cheaper than Carbon Fibre
- Australian Mines continues to work collaboratively with a third-party to test and refine this superalloy
The Sconi Project Feasibility Study is being prepared on the assumption that Australian Mines does not sell a single gram of scandium oxide over the course of the operation.
With an apparent sale price of US$1,000kg and an estimated 70,000 kg of high-purity scandium oxide being produced at Sconi through the course of producing the cobalt sulphate and nickel sulphate, scandium oxide does offer significant upside for the Sconi Operation
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