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[SITUATION] · [ACTIVE]

2 clusters · 3 sources · 22 days · First seen 27 days ago · Last updated 5 days ago

Categories: BUSINESS

Scandium supply gap widens; projects scale up in Canada, AU

Entities: Crater Lake Project · Flemington scandium project · Australian Mines Limited · Flemington scandium deposit · Andrew Nesbitt

Overview

Building on Mount Ridley Mines’ July CSIRO funding for scandium downstream research, a new EY‑Parthenon market study for Scandium Canada confirms that global demand for scandium oxide could reach about 706 tonnes per year by 2050, far outstripping a projected supply of roughly 266 tonnes. The shortfall may emerge as early as 2035 and expand thereafter, driven primarily by aerospace, defence and automotive applications, with aluminium‑scandium alloys identified as a key catalyst.

Scandium Canada is moving ahead with its Crater Lake project in Quebec, targeting 91 tonnes of primary scandium oxide annually and commercialising alloys through its Scalium+ subsidiary. In parallel, Australian Mines Limited is fast‑tracking a pre‑feasibility study to boost output from the Flemington deposit from the current 60 tonnes to as much as 180 tonnes per year, responding to rising demand from solid‑oxide fuel‑cell and data‑centre energy systems linked to Bloom Energy’s expansion.

Together, the funding, market outlook, and scaling‑up of mining projects illustrate an industry‑wide effort to bridge the anticipated scandium supply gap.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] Global scandium oxide demand is projected to reach 706 tonnes per year by 2050. (EY‑Parthenon study commissioned by Scandium Canada)
[● 2 SOURCES] Global scandium oxide supply is projected to be about 266 tonnes per year by 2050. (EY‑Parthenon study)
[● 2 SOURCES] Scandium Canada aims to produce 91 tonnes per year of primary scandium oxide at its Crater Lake project in Quebec. (Scandium Canada)
[● 2 SOURCES] Aluminium‑scandium alloys are driving demand growth in aerospace, defence and automotive sectors, with aerospace projected to need 243 tonnes by 2050. (EY‑Parthenon study)
[● 2 SOURCES] Scandium Canada targets annual production of 91 tonnes of primary scandium oxide at the Crater Lake Project. (Scandium Canada statements)
[● 2 SOURCES] Demand for scandium is driven by aerospace, defence and automotive sectors, especially aluminium‑scandium alloys. (EY‑Parthenon study)
[● 2 SOURCES] Global scandium oxide supply is projected to be about 266 tonnes per year by 2050, creating a supply deficit. (EY‑Parthenon market study)
[● 2 SOURCES] Global scandium oxide supply is forecast to be about 266 tonnes per year by 2050. (EY‑Parthenon study commissioned by Scandium Canada)
[● 2 SOURCES] A scandium supply deficit is expected to emerge by 2035. (EY‑Parthenon study commissioned by Scandium Canada)
[● 2 SOURCES] Aerospace is projected to demand 243 tonnes of scandium oxide per year by 2050. (EY‑Parthenon study commissioned by Scandium Canada)
[● 2 SOURCES] Scandium Canada aims to produce 91 tonnes of primary scandium oxide annually at its Crater Lake project. (Company announcement)
[○ 1 SOURCE] Scandium demand is expected to triple by 2035, reaching 191 tonnes per year. (EY‑Parthenon study)

Timeline

5 days ago

[BUSINESS] 3 sources
Scandium demand outpaces supply, spurring projects in Canada and Australia
Scandium demand may reach 706 t/yr by 2050 versus 266 t/yr supply, creating a gap by 2035. Projects in Canada (Crater Lake, 91 t/yr) and Australia (Flemington, up to 180 t/yr) aim to close the shortfall.
27 days ago

[BUSINESS] 2 sources
Mount Ridley Mines secures CSIRO funding for scandium downstream research
Mount Ridley Mines receives up to $50k from CSIRO to fund a $104k project developing scandium alloys and additive‑manufacturing at its Grass Patch deposit in Western Australia.

Sources

radiocity.sk · stockhead.com.au · stocktitan.net

This summary has been updated 3 times: see revision history