Solid state hydrogen storage prompts Australian Mines review of Flemington scandium study
- Australian Mines reviewing 2017 Flemington scandium scoping study
- Decision sparked by interest in recent advancements of its solid state hydrogen storage project
- Flemington is near Rimfire’s Melrose and Murga North scandium projects
Special Report: Significant interest in the recent advancements of its solid state hydrogen storage project has led Australian Mines to dust off the 2017 Flemington scandium scoping study for review.
The decision to review the capital, operating and revenue estimates from the study was motivated by the potential strategic synergy between the company’s solid state hydrogen storage advancements, the hydrogen economy, and the potential applications of scandium.
Earlier this year, Australian Mines (ASX:AUZ) submitted patents for the promising MH-May24 metal hydride that demonstrated significant improvements in adsorbing and desorbing hydrogen at lower temperatures, which could lead to the development of systems with more storage capacity than either compressed or liquid hydrogen.
Scandium itself is a critical mineral that has seen supply and demand doubling in just two years from 15-25 metric tonnes in 2021 to 30-40 metric tonnes in 2023 according to the US Geological Survey.
Those demand growth rates blow the CAGR of even electric vehicles and lithium out of the water.
This growth – and China’s monopoly over production of scandium feedstock and its refined oxides – has led to renewed interest in developing scandium deposits elsewhere, including Australia.
It’s estimated China controls around 80% of the world’s production, putting the critical mineral in the cross-hairs of trade war export controls recently imposed on gallium, germanium, graphite and antimony, all metals in which western importers are beholden to Chinese suppliers.
Solid state hydrogen storage prompts Australian Mines review of Flemington scandium study
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