The Global Scandium Market was valued at USD 147.2 Million in 2023 and is projected to reach USD 352.5 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period (2024–2030). This robust expansion is primarily fueled by the escalating demand for high-performance aluminum-scandium alloys in the aerospace and defense sectors, alongside rising applications in solid oxide fuel cells (SOFCs) and advanced lighting solutions.

As industries worldwide push for lighter, stronger, and more efficient materials, the strategic importance of scandium is intensifying. In this blog, we profile the Top 10 Companies in the Scandium Industry—a dynamic mix of mining pioneers, advanced materials producers, and strategic developers shaping the future supply chain of this critical rare earth metal.

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🔟 1. Rusal

Headquarters: Moscow, Russia
Key Offering: Scandium Oxide, Aluminum-Scandium Master Alloys

Rusal, one of the world’s largest aluminum producers, is a pivotal player in the scandium market. The company has developed proprietary technology to extract scandium as a by-product from its alumina refineries, positioning it as a significant and scalable supplier. Its ScAlution® brand of aluminum-scandium master alloys is targeted at high-value aerospace and automotive applications.

Innovation & Market Strategy:

• Pioneering scandium extraction from red mud (bauxite residue)

• Strategic focus on developing the ScAlution® alloy product line

• Targeting partnerships with major aerospace manufacturers

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9️⃣ 2. Stanford Materials Corp.

Headquarters: Irvine, California, USA
Key Offering: High-Purity Scandium Metal, Scandium Oxide, Scandium Aluminum Alloys

Stanford Materials Corp. is a leading global supplier of high-purity rare earth materials, including scandium products. The company serves a diverse clientele in research institutions and industrial sectors, providing consistent quality and reliable supply chains for critical material needs.

Innovation & Market Strategy:

• Specialization in ultra-high purity (>99.99%) scandium products

• Strong focus on the research and development sector

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8️⃣ 3. Metallica Minerals Ltd.

Headquarters: Brisbane, Queensland, Australia
Key Offering: Scandium-rich mineral resources (from the SCONI Project)

Metallica Minerals is an Australian exploration company focused on advancing its flagship SCONI (Scandium-Cobalt-Nickel) Project. This project is one of the largest and highest-grade scandium deposits globally, positioning the company as a future key supplier to the market.

Innovation & Market Strategy:

• Developing one of the world’s premier scandium-only deposits

• Focusing on ethical and sustainable mining practices

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7️⃣ 4. Platina Resources Ltd.

Headquarters: West Perth, Western Australia, Australia
Key Offering: Scandium resources from the Owendale Project

Platina Resources is dedicated to developing its 100%-owned Owendale Scandium Project in New South Wales, Australia. The project boasts a substantial scandium resource and has completed a definitive feasibility study, highlighting its potential to become a long-life, low-cost producer.

Innovation & Market Strategy:

• Advancing the Owendale Project towards production readiness

• Engaging with offtake partners in the aerospace and alloy sectors

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6️⃣ 5. Scandium International Mining Corp. (SCY)

Headquarters: Vancouver, British Columbia, Canada
Key Offering: Scandium oxide from the Nyngan Project

Scandium International Mining Corp. is focused on becoming a primary scandium producer through its advanced Nyngan Scandium Project in Australia. The company holds key patents and has secured mining leases, positioning it as a near-term supplier to the global market.

Innovation & Market Strategy:

• One of the first companies to secure a full mining lease for a primary scandium project

• Active in promoting new scandium applications and market development

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5️⃣ 6. DNI Metals Inc.

Headquarters: Toronto, Ontario, Canada
Key Offering: Scandium, Cobalt, and other battery metals from metadata.

DNI Metals is a junior exploration company with assets that include scandium potential. While primarily focused on battery metals, the company’s exploration strategy includes evaluating the scandium content within its properties, contributing to the broader understanding of available resources.

Innovation & Market Strategy:

• Exploring polymetallic deposits with scandium by-product potential

• Leveraging metallurgical expertise for complex ore bodies

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4️⃣ 7. Hunan Oriental Scandium Co. Ltd.

Headquarters: Hunan, China
Key Offering: Scandium Oxide, Scandium Metal

As a significant player within China, a major rare-earth-producing region, Hunan Oriental Scandium Co. Ltd. is involved in the production and supply of scandium products. The company benefits from proximity to raw material sources and a well-established processing infrastructure.

Innovation & Market Strategy:

• Integrated operations within China’s rare earth ecosystem

• Focus on serving domestic and international industrial markets

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3️⃣ 8. Huizhou Top Metal Materials Co., Ltd (TOPM)

Headquarters: Huizhou, Guangdong, China
Key Offering: Scandium Metals, Scandium Alloys, Rare Earth Metals

TOPM specializes in the production and distribution of various rare earth metals and alloys, including high-purity scandium. The company supplies industries requiring specialized materials for advanced technological applications.

Innovation & Market Strategy:

• Providing tailored scandium metal and alloy solutions

• Strong export orientation alongside domestic market presence

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2️⃣ 9. CNMC Pgma (Guangxi)

Headquarters: Guangxi, China
Key Offering: Scandium Oxide and other Rare Earth Products

CNMC Pgma is part of China Nonferrous Metal Mining Group’s operations, involved in the processing of rare earth elements. The company’s activities contribute to the supply of scandium oxide, leveraging China’s significant rare earth processing capabilities.

Innovation & Market Strategy:

• Access to extensive rare earth separation and refining technology

• Positioned within a major state-owned mining and processing group

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1️⃣ 10. Ganzhou Kemingrui

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Scandium Products and Rare Earth Materials

Ganzhou Kemingrui operates in the Jiangxi province, a key hub for heavy rare earth elements in China. The company is involved in the supply chain for scandium and other critical materials sourced from this mineral-rich region.

Innovation & Market Strategy:

• Leveraging proximity to ion-adsorption clay deposits which can contain scandium

• Focus on the production and distribution of a range of rare earth products

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Scandium Market – View in Detailed Research Report

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🌍 Outlook: The Scandium Market is Poised for a Transformative Decade

The scandium market is at a critical inflection point. While current production is limited and often a by-product, significant investments in primary scandium projects are paving the way for a more stable and expanded supply. This evolution is crucial for unlocking the metal’s full potential across next-generation technologies.

📈 Key Trends Shaping the Market:

• Aerospace Lightweighting: Accelerating adoption of Al-Sc alloys in aircraft structures and additive manufacturing to reduce weight and improve fuel efficiency.

• Solid Oxide Fuel Cells (SOFCs): Growing use of scandium-stabilized zirconia electrolytes, which enhance performance and longevity in clean energy systems.

• Supply Chain Diversification: Development of new primary scandium mines outside of traditional sources to de-risk the supply chain.

• Cost Reduction Efforts: Ongoing R&D and process optimization aimed at lowering the cost of scandium production, making it viable for more applications.

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Scandium Market – View in Detailed Research Report

The companies leading this market are not just suppliers of a rare metal—they are enablers of technological advancement, providing the critical materials needed to build a stronger, lighter, and more efficient future.