Save
Print
The Zhejiang Provincial First Geological Team has discovered a mammoth scandium-polymetallic deposit in northwestern Zhejiang that has proven scandium reserves of 70 tons worth about RMB70 billion , according to an announcement made by the Zhejiang Provincial Geology and Exploration Bureau on March 29.
The rare earth deposit contains 17 types of metallic elements. Of them, scandium is mainly used in national defense, spaceflight, nuclear power, superconductor and other cutting-edge technological sectors and is one of the elements included in national strategic reserves.
The deposit is also accompanied by a large-scale silver-polymetallic deposit with 800 tons of silver and 130,000 tons of lead and zinc. The silver-polymetallic deposit contains 3,000 tons of cadmium, which is equivalent to the reserves of a large-scale cadmium deposit. The were also medium-scale deposits found containing 7,000 tons of tin, 400 tons of gallium and 5.5 tons of rhenium.
This was the first time to discover not only an enormous scandium deposit in China but also so many types of precious, non-ferrous and rare metals all with reserves above a certain scale in the same deposit.
These rare earth metals are all highly priced. The market, price for tin stands at about RMB 200,000per ton. The market price for gallium is similar to that of sliver, standing at about RMB 6 million per ton. The price for rhenium is RMB60 million per ton, which is 10 times higher than that of silver.
The rare earth deposit contains 17 types of metallic elements. Of them, scandium is mainly used in national defense, spaceflight, nuclear power, superconductor and other cutting-edge technological sectors and is one of the elements included in national strategic reserves.
The deposit is also accompanied by a large-scale silver-polymetallic deposit with 800 tons of silver and 130,000 tons of lead and zinc. The silver-polymetallic deposit contains 3,000 tons of cadmium, which is equivalent to the reserves of a large-scale cadmium deposit. The were also medium-scale deposits found containing 7,000 tons of tin, 400 tons of gallium and 5.5 tons of rhenium.
This was the first time to discover not only an enormous scandium deposit in China but also so many types of precious, non-ferrous and rare metals all with reserves above a certain scale in the same deposit.
These rare earth metals are all highly priced. The market, price for tin stands at about RMB 200,000per ton. The market price for gallium is similar to that of sliver, standing at about RMB 6 million per ton. The price for rhenium is RMB60 million per ton, which is 10 times higher than that of silver.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think