One of the world's largest scandium deposits found in Queensland

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fishball

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http://www.abc.net.au/rural/news/content/201110/s3335822.htm

A north Queensland mining company has discovered one of the world's largest deposits of the rare earth, scandium.

Scandium is used to make solid oxide fuel cells, which are used generating electricity from natural gas and renewable fuels..

This discovery has been made at a former nickel mine at Greenvale, just out of Townsville.

With scadnium selling currently selling for $5,000 a kilo, owner Metallica Metals says it will double the size of a planned cobalt and nickel mine at the site.

Metallica managing director Andrew Gillies says the deposit's quality and purity are outstanding, and very unusual.

"Scandium is found probably in most rocks, typically perhaps five to 15 parts per million; we've got sometimes a thousand times that," he said.

"We would think that we've got something unique. There's only three resources in the world and we've got two of them."
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$5000 a kilo, might be time to stack some of this stuff? ;)
 
Most rare earths have soared since China's restricting supply I think.

I know Niobium has soared to a few times of what it was a year or two back.
 
Smoothcriminal said:
That's just scandalous - but I must look into Metallica metals just because of the name :D
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Agreed... Moving to Townsville next year, I'll have to make a day trip out to see them live.... :D..

On that note does anybody know if they are any mines up around there that pour their own bars? I've had a brief hunt to no avail..

Cheers
 
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