There was a reason I made this a "sticky Post"—this question on the price of scandium continuously crops up!
Read carefully:
Landmark8211111 Friday, 12/06/19 04:09:09 PM
Re: suerte88 post# 56812 0
Post # of 62082
You couldn't be more uninformed: (there are markets for the full spectrum of uses and purities)
Different scandium product, different scandium price
Quote:
It may be a small market, but there’s more than one scandium product out there, and therefore the scandium price varies. Scandium International’s white paper notes that, as with many other materials, quality matters. While 99.9 percent scandium oxide is needed for electrical applications, that isn’t necessary for alloy applications.
Besides scandium oxide, other products include scandium chloride, scandium iodide, scandium fluoride and scandium acetate. Scandium iodide is added to halide light bulbs in order to help simulate natural sunlight. Scandium International states that pure scandium metal is “extremely scarce and expensive".
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Pricing insights:
Despite those barriers, it is possible to get some insight into the scandium price. In a 2017 feasibility study for its Elk Creek niobium-scandium-titanium project, NioCorp Developments (TSXV:NB) pegs pricing for scandium oxide at US$3,500 per kilogram. Scandium International puts scandium oxide prices between $3,000 to over $5,000, depending on product quality and purity, among other things.
Additionally, the US Geological Survey puts out data on the subject each year. The organization prices scandium products by the gram, with prices as follows:
99.9 percent purity scandium acetate: US$44 per gram
99.9 percent purity scandium chloride: US$124 per gram. .(1000 grams = 1/kg)
99.9 percent purity scandium fluoride: US$277 per gram
99.999 percent purity scandium iodide: US$183 per gram
99.99 percent purity scandium oxide: US$4.60 per gram
Prices are 2017 estimates as per the latest US Geological Survey report on scandium, and are based on 5-gram sample sizes. The source used was Alfa Aesar, a Johnson Matthey (LSE:JMAT) company.
Distilled dendritic scandium metal and scandium ingot prices were reported at $228 per gram and $107 per gram, respectively, with Stanford Materials cited as the source for this information.
In recent years, scandium and the scandium price have been getting more attention, and for good reason — many believe the metal holds huge potential.
John Kaiser of Kaiser Research has spoken extensively about the enormous latent demand for scandium that he believes exists due to the metal’s applications in aluminum alloys and solid oxide fuel cells.
