As the most decentralized of the family of rare earth elements, known as important in the 21st century "green energy technology of metal" "key" or "strategic" mineral resources - laser weapons, aviation spacecraft on key materials, green solid fuel cell, brightness of scandium sodium lamp, medical devices for the treatment of tumor, petrochemical catalyst, cannot leave the scandium. However, in 2016, the actual global production of scandium is no more than 1 ton, which means that every more than 7,000 people can get 1 gram of scandium. Scandium, therefore, is scarcer than rare-earth, rare-earth, and more expensive than gold. The results so far show that independent minerals are mainly found in a few countries in Europe and Madagascar in Africa, and have no real industrial value. In 1879, Swedish chemist Nelson first discovered Scandium in the Siyllium-yttrium mine and heilinite gold mine of Scandinavia in Europe. Usually, scandium is dispersed in many minerals containing other elements, just like salt or sugar dissolved in water, it is impossible to find scandium directly by naked eye. Therefore, it is very difficult to get pure scandium metal. It took half a century from the discovery of scandium to the first successful extraction.
Scandium products traded on the international market are mainly metal scandium and scandium oxide. The higher the purity, the more expensive the price is. In 2017, the price of 99.99% pure scandium oxide was $4,600 / kg, while the price of the distilled metal scandium was as high as $226,000 / kg, five times the price of gold ($44,445 / kg). However, the price of scandium products fluctuated greatly and fell from 1990 to 2006. Take the distilled metal scandium as an example. In 1993, the price of scandium was as high as $372,000 / kg, but in 2005, it was only $162,500 / kg, which reduced by half. Prices have picked up since 2006.In the rare earth family, scandium is far more expensive than other light rare earths, and even more expensive than the rare heavy elements terbium and dysprosium. In 2011, for example, when rare earth prices soared, the price of scandium oxide (99%) in China (26,000 yuan/kg) was more than twice that of europium oxide (12,000 yuan/kg) and terbium oxide (10,200 yuan/kg), the highest prices of other rare earth oxides that year.
TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high quality chemicals and Nano materials. The Scandium Metal produced by our company has high purity, fine particle size and impurity content. Lower, please contact us if necessary.
