The Australian laterites will be low cost mines and this will drive those prices down in the long term even if there is a scandium cartel. It is obvious that if scandium was cheap enough demand would be tens of thousands of tonnes per year. At 3, 5, 10k/k that gets into the realm of being cost prohibitive and relegated to a niche market like military applications and areas where that cost benefit is still overwhelmingly favourable. Just as a range it seems the market has unlimited demand below a thousand, strong demand demand at 1-2k and then interest (from my own research) seems to fall off dramatically because you can substitute for titanium and other new nano materials and super-alloys like Hf Al and other similar things. There is probably still decent demand at $3-5k, some at 10k and almost none except vanity purchases and science experiments above that.
I think eventually CLQ and SCY will work like similar to high grade gold mines. With efficiencies gained and economies of scale I wouldn't be surprised if they ultimately cut costs in half and lower the price, say mine an oz of gold, er kilo of scandium oxide, for 3-400 and sell it for 11 or $1200. That is a pretty damn good mine with nice margins and all the demand they can handle. If the industry gets to this point the sky is the limit for scandium production and I think it will quickly go to hundreds and then thousand of tonnes of demand within a few years of the first sc hitting the market.
The scandium story continues to heat up. SCY is already nearing 10 bagger status for initial purchases and we haven't even gotten started yet! Smooth sailing to ~.30 and slightly beyond when they release drill results from the high grade center of their pit? I think so. Scyward!
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM