Niocorp Developments Ltd (NB)

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Scandium is a component of the new " Third Industrial Revolution ". Given the numerous applications of this ' miracle metal '...


Scandium

Robert has said: “Scandium is a miracle alloy, that enables you to 3D print with Aluminium. You can weld with Aluminium and make it more ductile.”

With the Chinese now imposing a 25% Tariff on Aeroplanes weight, Scandium has just become the most important commodity overnight for the aviation industry. Scandium oxide can be used to produce lighter and stronger aluminium alloys and has been found to lower an aircraft’s weight by 15% and save US$9m on construction costs, per plane.

Scandium is a soft, silvery-white metallic element which tends to come as a by-product of the leaching activity associated with production of other metals. However, Friedland’s Clean Teq contains the world’s largest and highest-grade scandium resource, that is produced as a co-product not by-product. There is an agreement in place with Airbus focusing on working together to determine potential demand for Scandium. Also, a partnership agreement with the world’s third largest Aluminium producer, Chinese Chinalco, to investigate the functional and commercial benefits of scandium used in China’s automotive and aerospace industries

So, there it is. Water, Vanadium, Copper, Cobalt and Scandium are 5 commodities Robert Friedland is thinking about and developing right now. In focusing on these five commodities, given his peers see him as someone who sees things way before others, just maybe, Robert has already seen the Third Industrial Revolution and is preparing accordingly.