Niocorp Developments Ltd (NB)

[Middleborder]

https://investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/scandium-price-need-to-know/

Scandium prices too high?

"Both Scandium International and Clean TeQ Holdings (ASX:CLQ) have stated that scandium prices are too high to allow for widespread adoption. They’ve also suggested that, in addition to reliable supply, cheaper prices will be needed for the metal to gain more widespread use.

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:

Scandium International’s 2016 feasibility study for its Nyngan scandium project in New South Wales, Australia assumes a scandium oxide price of US$2,000 per kilogram.
Clean TeQ’s 2016 feasibility study for its Syerston scandium deposit, also in New South Wales, uses a long-term 99.9 percent purity scandium oxide price assumption of US$1,500 per kilogram.
Platina Resources (ASX:PGM) uses a US$500-per-kilogram scandium oxide price in a prefeasibility study for its Owendale project, released in 2017.

For NioCorp Developments’ Elk Creek niobium project, scandium is a co-product, along with titanium dioxide. 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. It then sees prices falling again as a result of oversupply from new western operations cropping up between 2021 and 2025.

There are a number of variables involved, so only time will tell if these predictions come to fruition. What do you think will happen with the scandium price?

This is an updated version of an article originally published by Investing News Network in 2015.

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People should make up their own minds, not rely on some obscure faceless "Expert" with an undetermined agenda who posts to the the internet.