The market price of scandium is currently quite low, sitting at around $30 USD per kilogram. This is due to a number of factors, including the small amount of scandium that is mined each year and the lack of industrial uses for the element. However, there are a few companies who are beginning to develop new applications for scandium, which could lead to an increase in price in the future.
For now, though, scandium remains relatively inexpensive compared to other rare metals.
The market price of scandium is currently around $21,000 per kilogram. This rare metal is used in a variety of applications, including aerospace and automotive engineering. Despite its high cost, demand for scandium is expected to continue to grow in the coming years.
Price of Scandium Per Gram
The price of scandium per gram can vary depending on the market and where you purchase it from. However, prices usually fall in the range of $30 to $50 per gram. Scandium is a silvery-white metal that is relatively rare and has a variety of uses, including in spacecraft and aircraft construction.
It is also used in solid-state lighting and as an additive to aluminum alloys.
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How Much is Scandium Worth Per Gram?
Scandium is a relatively rare element, and as such, it can be quite expensive. The cost of scandium per gram can vary depending on the supplier, but it is typically around $100 USD.
Why is Scandium So Expensive?
Scandium is a relatively rare element on Earth, and it’s not particularly easy to produce. It’s also in high demand for certain applications, such as lighting and aerospace engineering. All of these factors contribute to scandium’s high price tag.
As of 2018, the price of scandium oxide (Sc2O3) was about $4,000 per kilogram. That might not sound like much, but keep in mind that a single gram of scandium costs around $20! And that’s just the price of the raw material – when it’s used in products like light bulbs or aircraft parts, the final cost is even higher.
So why is scandium so expensive? Let’s take a closer look at this fascinating element.
How Rare is Scandium?
Scandium is one of the rarest elements on Earth. It is estimated that there are only about 25 grams of scandium in the entire planet’s crust. This makes scandium about as rare as platinum.
Is Scandium a Precious Metal?
Scandium is a transition metal that is prized for its strength and lightness. It’s not considered a precious metal because it’s relatively abundant, but it’s still quite rare.
Scandium: Most Tiny & Niche Investment
Conclusion
The scandium market price is currently $2,500/kg. This price is expected to rise in the future as demand for scandium increases. Currently, most of the world’s supply of scandium comes from China.
However, this may change in the future as other countries begin to produce more scandium.
