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beforethebounce

6,963 Posts.

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06/08/20

19:40

Post #: 46358872
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Originally posted by bluesamurai: ↑

The current scandium market size is estimated to be about 35 tonnes per year, however Bloomberg forecasts this could grow to reach 1,800 tonnes pa by 2035 – a 51 times increase in demand. However, if the sales of electric vehicles surge as some forecast and reach 30 million by 2030, the demand for scandium would jump to a staggering 5,250 tonnes pa – a 150-fold increase on today’s demand based on just a 0.2% scandium oxide-aluminum alloy in each EV.This exponential increase in demand for scandium does not include its additional consumption by key industries such as solid oxide fuel cells, aerospace & defense, aviation, electronics, sporting goods, and ceramics QUOTE .
ARR La Paz Rare earth project in Arizona has scandium credits throughout the project footprint that will be beneficial in proving up the resource IMO.

https://investorintel.com/sectors/technology-metals/technology-metals-intel/demand-scandium-set-rise-imperial-mining-offers-early-stage-high-grade-project/

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Interest info, bluesamurai .... Just as a footnote GSN has a small high grade deposit at Mt Weld, W.A..

Last edited by beforethebounce: 06/08/20
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