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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (148049)	4/27/2019 1:28:03 PM
From: Elroy Jetson	1 Recommendation Recommended By elmatador Read Replies (1) \| Respond to of 218180

There's are three massive scandium mines planned in Australia, SCONI and Syerston. But the third, the Nyngen mine in New South Wales is dependent upon finding any customer willing to commit to buy 38 tons of scandium oxide at a price of a few hundred Dollars per pound, well below market. . Australia Mines' open-pit laterite mine they've named SCONI due to the three end products (scandium, cobalt, nickel) will achieve a 15% rate of return based solely on the nickel and cobalt. SK Holdings of South Korea has purchased the first seven years production of nickel at AUD $0.48 per pound and cobalt at an undisclosed price, with an option to purchase the second seven years production of these two metals. Unfortunately, Australia Mines has found buyers for less than 10% of the 20 tons of scandium that will be produced annually, a metal SK Holdings doesn't want. - im-mining.com . The second project, the Syerston mine in New South Wales with 19,200 tons of scandium will likely be the second Australian mine online because like SCONI they will also be producing Nickel and Cobalt, in addition to the Scandium. - miningmagazine.com The current lack of demand for SCONI's scandium metal is holding up the scandium-only Nyngen mine in New South Wales with 590 tons of scandium. - scandiummining.com Nyngan had initially planned to be producing 38.5 tons of scandium oxide annually by 2018, but a lack of buyers for the metal at an offered price far below current market rates has the mine on hold - as with most proposed scandium-only mines around the world. Currently Sumitomo Industries is supplying much of the limited demand for Scandium from their mines in the Philippines.