Scandium International Mining Corp T.SCY

Report: Scandium the key element to produce Hydrogen

[ScandiumPower]

Metals (mining) will play a central role in successfully building Europe’s clean technology value chains and meeting the EU’s 2050 climate-neutrality goal. In the wake of supply disruptions from the COVID-19 pandemic and Russia's invasion of Ukraine, Europe’s lack of resilience for its growing metals needs has become a strategic concern.  This study evaluates how Europe can fulfil its goal of “achieving resource security” and “reducing strategic dependencies” for its energy transition metals, through a demand, supply, and sustainability assessment of the EU Green Deal and its resource needs . It concludes that Europe has a window of opportunity to lay the foundation for a higher level of strategic autonomy and sustainability for its strategic metals through optimised recycling, domestic value chain investment, and more active global sourcing. But firm action is needed soon to avoid bottlenecks for several materials that risk being in global short supply at the end of this decade.

Lithium, dysprosium, cobalt, tellurium, scandium, nickel and praseodymium all experience a very high demand pull from the energy transition.

Platinium and scandium are key minerals for the electrolysers to produce hydrogen. It is assumed these have an optimization potential of 80-90% compared to today’s intensities.

Find the report at: https://www.eurometaux.eu/metals-clean-energy/