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235,986.00 US $ per kg
Scandium is purely a transition metal but is regarded as a rare earth element because its chemical properties are similar to the rare earth and found in the same ores . China , Russia , Ukraine , and Kazakhstan are leading producers of scandium .
The significant uses of scandium are as an additive to aluminum-based alloys for sporting equipment such as golf shafts , baseball bats , bicycle frames , and fishing rods . Scandium iodide is also used in mercury vapour lamps , mainly to replicate sunlight in studios for the film and television industry . The oxide form is used to make high-intensity stadium lights .
According to the International Renewable Energy Agency , about onethird of the permanent rare earth magnets produced in 2020 went into wind turbines and electric vehicles . These metals function as parts of a whole , making them scarce when large percentages of mined elements are concentrated in one industry or single manufacturing line .
32 November 2022