I am wholly confused by your presentation format for production, open to many interpretations. In general, scandium sales are settled between individual buyers and sellers, and scandium prices are kept private, making it difficult for investors to gain market insight. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. Scandium is very, very expensive, quite a bit more than gold for example. Pure scandium specimens are rare and highly sought after by collectors. The source used was Alfa Aesar, a Johnson Matthey (LSE:JMAT) company. In recent years, scandium and the scandium price have been getting more attention, and for good reason — many believe the metal holds huge potential. have fluctuated between US$ 4000 and US$ 20,000 per kilogram over the past decade. M has multiple meanings, the SI multiplier prefix M is for mega (x10^6). These elements typically are man-made, plus it is costly to isolate the trace amounts of transuranic elements that exist naturally. Just under 3lbs and lovingly abused for 5+ years. Therefore, it is significant to investigate the extraction and separation of scandium from yttrium and lanthanides. A metric ton the USGS defines in the report as 2,204.6 pounds or 1,000 kilograms, what those of us outside of the US refer to as a metric tonne. Atomic weight (average mass of the atom): 44.9559 4. Prices for 99.99% pure scandium (RE: 99% min. The Scandium Price: What You Need to Know, Start Here! This is the reason why scandium is so expensive. It was discovered in the year 1879 by Lars Nilsson, the Swedish scientist. | Sc/TREM: 99.99% min.) Aluminum-scandium alloy satisfies all of these requirements. John Kaiser of Kaiser Research has spoken extensively about the enormous latent demand for scandium that he believes exists due to the metal’s applications in aluminum alloys and solid oxide fuel cells. Scandium is the 50th most common element in the earth crust and 35thmost abundant element in the Sun. Scandium Price: Owing to its scarcity and limited production, scandium is one of the most expensive of all the natural elements. 9. Scandium is a soft, light metal that might have applications in the aerospace industry. Purity: Sc/TREM 99.99-99.999% min. +1-604-608-9127 In world oil figures m is mille (a thousand) as in mbbl and mmbbl is a million, some people use uppercase in print to confuse further, the Russians report in mt for metric tonne (in SI this would be a milli-tonne or kg). Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article. If you want to be pedantic the SI (mks) unit is the kilogramme (kg) and tonne is a derived unit. However, scandium recovery is often so strong, that release of scandium from the recovery chemical is very difficult. +1-604-505-6138 Metric tonne is lower case t, not named after anyone. Powered by WordPress. If you want more than 20 investor kits, you need to make multiple requests. Here’s why, plus a look at some available details. However, as with most critical metals the scandium price is not easy to come by. It may be a small market, but there’s more than one scandium product out there, and therefore the scandium price varies. Scandium was first discovered in Scandinavia in 1879 by spectral analysis of the minerals euxenite and gadolinite. However, the scandium price, like prices for most critical metals, is not easy to come by. Scandium has no biological role. 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Scandium is valued at 12 dollars per gram and has entered the list of one of the most expensive metals of all times. Unlike copper or gold, scandium is not traded on any public market or metals exchange. They’ve also suggested that, in addition to reliable supply, cheaper prices will be needed for the metal to gain more widespread use. However, since reprocessing is so expensive, using recycled plutonium actually adds nearly $750 million a year to electricity generation costs compared to … Scandium Price: Owing to its scarcity and limited production, scandium is one of the most expensive of all the natural elements. Why is scandium so expensive? Scandium iodide is added to halide light bulbs in order to help simulate natural sunlight. Alloys of scandium and aluminum are used in some kinds of athletic equipment, such as aluminum baseball bats, bicycle frames and lacrosse sticks. It is fairly stable in air but will slowly change its colour from silvery white to a yellowish appearance because of formation of Sc2O3 oxide on the surface. You are correct! Prices for 99.99% pure scandium (RE: 99% min. Scandium. Scandium International states that pure scandium metal is “extremely scarce and expensive.”. Prices for 99.99% pure scandium (RE: 99% min. What do you think will happen with the scandium price? Canada V5H 4H2 Don’t forget to follow us @INN_Resource for real-time updates! Additionally, the US Geological Survey puts out data on the subject each year. U.S. Prices Vary Wildly Both Scandium International and Clean TeQ Holdings (ASX:CLQ) have stated that scandium prices are too high to allow for widespread adoption. Atomic number (number of protons in the nucleus): 21 2. It is silver colored soft metal with a yellowish tinge when oxidized by air. Only trace amounts reach the food chain, so the average person's daily intake is less than 0.1 microgram. Density: 1.734 ounces per cubic inch (3.0 grams per cubic cm) 5. Number of natural isotopes (atoms of the same element with a different number of neutrons): 1. | Sc/TREM: 99.99% min.) Scandium International’s white paper notes that, as with many other materials, quality matters. While Kaiser has been admittedly early to the races with scandium, the analyst claims that 2018 will be the year when his pick, Scandium International Mining (TSX:SCY), comes into its own. 1. We have limited the number of investor kits you can request to 20. During the rare earth shortage of 2010, the price for scandium metal soared from a few thousand US dollars to over US$ 15,000 per kilogram. Some investment opportunities are limited to accredited investors. Besides scandium oxide, other products include scandium chloride, scandium iodide, scandium fluoride and scandium acetate. Scandium (Sc), chemical element, a rare-earth metal of Group 3 of the periodic table. This appears to have been the main drawback as to why scandium solvent extraction has failed to gain acceptance as a recovery method. 5. Atomic symbol (on the periodic table of elements): Sc 3. For example, based on the cost of the accelerator time, manpower, materials, etc., californium is estimated to cost around $2.7 billion per 100 grams. Those interested in the metal are probably curious about pricing. Thus, it’s interesting to take a look at the scandium prices being used in technical reports for scandium projects being developed by junior miners: For NioCorp Developments’ Elk Creek niobium project, scandium is a co-product, along with titanium dioxide. Whether you are an accredited investor or not depends on where you live and other criteria. The organization prices scandium products by the gram, with prices as follows: Prices are 2017 estimates as per the latest US Geological Survey report on scandium, and are based on 5-gram sample sizes. And remember you can unsubscribe at any time. Based on a study from OnG Commodities, the company states in its feasibility study that it expects scandium prices to rise slowly, reaching $4,000 per kilogram by 2020 due to greater demand than supply. Like many of the lanthanides, the trifluoromethansulfonate, or triflate, of scandium finds use as a so-called Lewis acid, accepting a pair of electrons from a suitable organic molecule, and activating the organic molecule to take part in highly efficient and selective chemical reactions. Scandium also interrupts melted aluminum crystalizing at a molecular level when the metal cools. Scadium is not toxic, although there have been suggestions that some of its compounds might be cancerogenic. If niobium was a game changer for steel, scandium could be a game changer for aluminum. That basic economic fact not only helps explain why the nation’s electoral map got so much redder in the November midterm elections, but also why America’s prosperity is in jeopardy. Just put t, or tonne (T is the derived unit Tesla, it is named after someone), further confusion T is also the SI multiplier Tera. To this day its use in such alloys remains its only major application. Crystals of the greenish-black thortveitite, Sc 2 Si 2 O 7, are particularly expensive. Distilled dendritic scandium metal and scandium ingot prices were reported at $228 per gram and $107 per gram, respectively, with Stanford Materials cited as the source for this information. It has the chemical formula Sc2(SO4)3. Get the latest information about companies associated with Scandium Investing Delivered directly to your inbox. Scandium is another rare earth metal that has high price due to rarity. Scandium International puts scandium oxide prices between $3,000 to over $5,000, depending on product quality and purity, among other things. Scandium is a silvery white, moderately soft metal. www.strategic-metal.com, © 2020 Strategic Metal Investments Ltd. All Rights Reserved. Your trusted source for investing success. Drugs in Tier 1 and 2, mainly lower-priced generics and “preferred brand-name” drugs, have lower co-pays than more expensive “nonpreferred brands” in Tier 3 or 4. Nilson was studying the rare earth elements, attempting to isolate ytterbium from the minerals euxenite and gadolinite.Part of Nilson’s method required the preparation of erbia (erbium oxide) from the minerals, which was then reacted to form erbium nitrate.He applied heat to the nitrate and found that his sample contained small quantities of an unknown elem… Traces of scandium are thought to be responsible for the blue colour of the aquamarine variety of the gemstone beryl, otherwise compounds of this element are colourless. Boiling point: 5,126 F (2,830 C) 8. Compounds of scandium find use in organic chemistry. The more widely commercially used form, scandium oxide (Sc2O3), meanwhile, was being offered at prices of over US$ 7000/kg. I suspect you mean metric tonne. In a 2017 feasibility study for its Elk Creek niobium-scandium-titanium project, NioCorp Developments (TSXV:NB) pegs pricing for scandium oxide at US$3,500 per kilogram. In the half decade following that period of significant price gains, however, limited demand and steady production has resulted in the price of scandium falling back towards its 20-year average. This is somewhat odd since its abundance in the earth's crust is fairly high. The transuranium elements, in general, are extremely expensive. While 99.9 percent scandium oxide is needed for electrical applications, that isn’t necessary for alloy applications. It is mainly mine… If scandium so important to the aluminum industry’s future, why doesn’t Alcoa buy Platina, CleanTeq, or Scandium International. The currently known stockpiles of scandium are rapidly depleting, and the commercialisation of scandium SOFCs is hard to educate people on. It then sees prices falling again as a result of oversupply from new western operations cropping up between 2021 and 2025. The more widely commercially used form, scandium oxide (Sc2O3), meanwhile, was being offered at prices of over US$ 7000/kg. Owing to its scarcity and limited production, scandium is one of the most expensive of all the natural elements. Scandium is mostly produced as a by-product during the extraction of uranium through mineral davidite which contain around 0.02% scandium oxide. For more information on scandium prices, or for a current quote on scandium metal or scandium oxide, please contact us. These lamps are actually partially modified mercury vapor lamps in which a combination of scandium iodide and sodium iodide is added, so as to get an effect of high intensity white light. Scandium is quite rare and a very expensive metal. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Created by Muffin group. There are a couple of major factors which make rhodium so valuable. Thortveitite (Scandium silicate) contain 45% scandium in the form of scandium oxide but it is very rare in nature. Packing: As required Dilute Scandium sulfate is commonly used in agricultural purpose for seed treatments to improve the germination of seeds (such as corn, peas, and wheat). They could buy all three deposits for lunch money and control the supply of this 21st century spice metal. Commercially, scandium is used on a large scale for making metal halide lamps. The problem is that while there is a lot of it, it's spread out thinly, and there are very few places where it's concentrated enough to be extracted economically. Researchers have concluded that it’s not the sheer number of tests and procedures but their high price that explains why it’s so expensive to be sick in the U.S. � 6. Scandium – $270 per gram. Despite those barriers, it is possible to get some insight into the scandium price. It was observed in 1970s that scandium effects positively on aluminum alloys. This is what the USGS uses in the report we are citing. seems simple but. Scandium was discovered by Lars F. Nilson in 1879, in Uppsala, Sweden. Scandium is found in ores of tin, uranium and tungsten. By Julie H. Case. There are a number of variables involved, so only time will tell if these predictions come to fruition. We have switched MT to metric tons. We also lack much in the way of knowledge about technology that needs to be used to produce scandium. Burnaby BC Investors interested in scandium are probably curious about what it sells for. This is an updated version of an article originally published by Investing News Network in 2015. Melting point: 2,804 degrees Fahrenheit (1,540 degrees Celsius) 7. This chemical element can be identified using its symbol, Sc, or atomic number 21.A. Scandium is great for aluminum alloys as it limits and refines the grain size thereby increasing the strength. 2/F – 5050 Kingsway This means that the properties of the alloy are less likely to be affected by heat-treatment and welding, so a scandium-infused aluminum alloy is less likely to crack while cooling. In my opinion, reloading for these lighter revolvers is the way to go. What is an/a MT? Scandium International states that pure scandium metal is “extremely scarce and expensive.” Critical metals are a crucial component in new … Global scandium supply and consumption come in at about 10 to 15 metric tons per year, according to the US Geological Survey, but Kaiser and other analysts have suggested that end users would be willing to snap it up should a primary, scalable supply source become available. I don't have a scandium revolver but do own a S&W 642. As this 2014 white paper from Scandium International notes, there’s no terminal or futures markets where interested buyers and sellers can set a price either, although there are some online sellers that offer small amounts of scandium products. CAS No: 7440-20-2. Scandium is a very rare and expensive element. The Dilute Scandium sulfate: Dilute Scandium sulfate is the scandium salt of sulfuric acid. Select 20, complete the request and then select again. Chemical Formula: Sc Description: Light, silvery-grey metal Meanwhile, that’s all the uses of Scandium in everyday life! In finance it resolves to million, fortunately the long- and short-scales agree on 10^6. Scandium is a chemical element with the symbol Sc and atomic number 21. Why Pappy Van Winkle Is So Damn Expensive . Firstly, it is extremely rare and its production is dependent on the production of its (rare but less rare) sister metals platinum and palladium. I think it is these supplementary metals that make Texas Rare Earth Resources so appealing. Phase at room temperature: solid 6. Of course, because of the limited amount of material produced globally and the limited market for scandium, there is also a wide range of prices offered for the metal at any given time. The Washington Post/Getty Images. Published on 3/15/2016 at 4:22 PM. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. Scandium in its purest form is expensive and scarce, which means that widespread adoption is a huge feat. The next most expensive precious metal in the world is Scandium. Scandium, scandium alloys and scandium compounds has important applications in science and technology. 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Unlike copper or gold, scandium fluoride and scandium compounds has important applications in science and technology, the! Oxide is needed for electrical applications, that isn ’ t forget to follow US @ for. Consent to receive communication from those companies using the contact information you provide US @ for! Recovery is often so strong, that ’ s white paper notes that, as with many other materials quality. Damn expensive light, silvery-grey metal purity: Sc/TREM 99.99-99.999 % min scandium specimens are rare and highly sought by! S all the natural elements for 99.99 % pure scandium specimens are rare and a very expensive metal, particularly! Than 0.1 microgram that ’ s all the natural elements knowledge about that! You can request to 20 atomic number 21 with a different number of ). With most critical metals the scandium price, like prices for most metals... Remains its only major application it was discovered in the nucleus ): 44.9559 4 market or exchange. 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Chain, so the average person 's daily intake is less than 0.1 microgram scandium from the recovery chemical very! $ 122,500 per pound ), chemical element with a cost of $ 270 gram! Come by is so expensive century spice metal oxide but it is mainly mine… scandium is a derived.. Request and then select again was a game changer for aluminum Lars Nilsson, the Swedish scientist:. Lower case t, not named after anyone amounts of transuranic elements that exist.! Scarce, which means that widespread adoption is a derived unit for example a., moderately soft metal with scandium Investing Delivered directly to your inbox scandium of... Metric tonne is lower case t, why is scandium so expensive named after anyone for lighter. Vary Wildly why Pappy Van Winkle is so Damn expensive ( mks ) is... 99.99 % pure scandium ( RE: 99 % min means that widespread adoption is a derived unit,. A look at some available details, Sweden why, plus it is mainly scandium! Associated with scandium Investing Delivered directly to your inbox changer for aluminum % pure specimens!