TSXV:SCD - Post Discussion
Post by
VanadiumPower on Aug 19, 2024 8:17am
At Scandium Canada, the future is now!
A metal of the future: At Scandium Canada, the future is now!
Scandium Canada is well advanced to bolster global supply as these markets expand and require more of the metal. While global production stands at just 30-35 tonnes per year (scandium oxide), with no primary production, market analysts forecast demand could grow close to 2,000 tonnes per annum by 2040 – if and when supply is added. “With the current scandium supply being dominated by jurisdictions not necessarily friendly to North America, and considering its status as a critical mineral, it is key that new capacity is developed in North America and Scandium Canada is the answer,” Bourassa tells Mining.com.au. “Starting from zero, in the next 20 years if there was a source or sources available, (Scandium Canada) the market could increase from 40 tonnes the actual demand to 2,000 tonnes – so 50 times what’s out in the market. https://mining.com.au/a-metal-of-the-future-at-scandium-canada-the-future-is-now/
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