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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.13

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Dec 4 4:00 PM EST

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To: Haim R. Branisteanu who wrote (147989)	4/26/2019 2:47:47 PM
From: Elroy Jetson	1 Recommendation Recommended By elmatador Read Replies (8) of 218182

The price of Scandium will decline once there's more demand for the metal, which will lead more heavy metal mines to process their tailings for scandium. A surge in demand for batteries temporarily increased the price of cobalt by 30% from $77 a kilo to $99 a kilo ($90,000 per ton), a typical move. Scandium is as abundant as cobalt but sells for $3,000 per kilo simply because so few nickel, uranium or other heavy metal mines bother to process their tailings for scandium. As the demand for scandium increases, the market price for scandium will quickly fall below the price of cobalt because processing tailings is far less costly than mining new ore. I'd expect an equilibrium scandium price around $50 a kilo. It's likely the largest new mines will be located in Norway and Madagascar. Scandium once briefly sold for $270,000 only when it was a curiosity wanted only by a few researchers. This was the cost of setting up a custom processing unit designed to supply a very small quantity.

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