Just read Bluesamurai's post on the Topics thread ... then go to Geology thread titled : Scandium demand set to rise.
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 . 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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