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Posted On: 03/10/2014 2:25:35 PM
Latest Metallica Minerals (MLMZF) Headlines
Global Scandium Market Analysis and Forecast Available in In-Demand Report Prepared by Merchant Research & Consulting
PRWeb - Mon Feb 03, 12:03PM CST
At present, the world scandium resources vary between 18 and 25 parts per million (ppm). Several countries, like Kazakhstan, Ukraine, China, Russia, Norway, Australia and Madagascar possesses rich scandium resources, but these substantial deposits are not mined. Scandium occurs in many ores in small quantities, but has not been found in sufficient concentration to be mined as a primary product. Therefore, it has been produced as a by-product during processing of different ores or recovered from previously processed resides or tailings. Currently, the global annual supply of scandium varies between 2 and 10 tonnes. The production does not satisfy the potential demand for the product, and there are no any prime scandium producers. The consumers worldwide still are dependent on former-Soviet stockpiles of scandium oxide. The global scandium market is predicted to have positive future growth prospects due to planned scandium development projects and increasing demand from the three main product application areas, namely aerospace industry, oxide fuel cells and aluminium alloys in the offing.
Global Scandium Market Analysis and Forecast Available in In-Demand Report Prepared by Merchant Research & Consulting
PRWeb - Mon Feb 03, 12:03PM CST
At present, the world scandium resources vary between 18 and 25 parts per million (ppm). Several countries, like Kazakhstan, Ukraine, China, Russia, Norway, Australia and Madagascar possesses rich scandium resources, but these substantial deposits are not mined. Scandium occurs in many ores in small quantities, but has not been found in sufficient concentration to be mined as a primary product. Therefore, it has been produced as a by-product during processing of different ores or recovered from previously processed resides or tailings. Currently, the global annual supply of scandium varies between 2 and 10 tonnes. The production does not satisfy the potential demand for the product, and there are no any prime scandium producers. The consumers worldwide still are dependent on former-Soviet stockpiles of scandium oxide. The global scandium market is predicted to have positive future growth prospects due to planned scandium development projects and increasing demand from the three main product application areas, namely aerospace industry, oxide fuel cells and aluminium alloys in the offing.
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