Scandium — The Aristocrat of Rare Earth Family

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Noble metal

Rare earth elements are the most distributed of all the family. They are important for 21st-century “green technology of metal” and “key” or “strategic” minerals. Laser weapons, spacecraft on key materials (aerospacecraft), green solid fuel cell brightness of scandium salt lamp, medical devices, and catalysts cannot be separated from scandium. The actual worldwide production of scandium in 2016 was less than one ton. That means every person who is more than seven thousand can obtain 1 gram. The availability of scandium, which is rarer than rare earth, rare-earth, or gold, makes it more costly than other rare minerals. Independent minerals have been found only in Madagascar and Europe, with no industrial application. Nelson in Sweden, a Swedish chemical chemist, discovered Scandium during 1879 in the Siyllium–yttrium and Heilinite Gold mines of Scandinavia. Scandium can often be found dispersed within minerals with other elements. This makes it impossible for the naked eye to locate scandium. Scandium is difficult to extract. To extract scandium metal successfully for the first time, it was half a century after its discovery.

Scandium metal prices

Most scandium products sold on international markets are scandium metal scandium or scandium dioxide. Price is determined by the level of purity. 2017 saw the cost of 99.99% pure scanningdium oxide at $4,600 per kg. However, the price for distilled metal scandium reached $226,000 per kg. This is five times more than the gold price ($44,445/kg). Scandium prices have fluctuated greatly over the years, falling from 1990 to 2006. Let’s take the example of the distilled metallic scandium. Scandium’s price was high in 1993 at $372,000/kg. In 2005, however, it dropped to $162,500/kg. The prices of scandium have increased since 2006. In the rare Earth family, it is much more expensive that other light-rare earths. It also costs more than the rare heavy metals terbium, dysprosium, and terbium. When rare earths prices rose, for instance, the scandium oxide (91%) price in China (26000 yuan/kg, or more than double that of europium Oxide (12,000yuan/kg), and Terbium Oxide (10,200yuan/kg), were the highest rare earth oxide prices that year.
Bettyshoe (aka. Bettyshoe is an advanced material. With over 12 years’ experience, Bettyshoe is an established global supplier of chemical material. High purity, small particles size, and low impurity are the hallmarks of the Scandium Metallic that our company produces. We can help you if your requirements are lower.

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