Scandium International’s CEO on the impact of the US-China trade war on the global supply of scandium
“Depending on what happens in trade talks between the United States and China there could be some disruption of Chinese sources of scandium and I think that is going to be a good thing for Scandium International. It is going to highlight the fact that we are earliest possible producer outside of China, in the Australian clay belt. We are of a good size and of commercial scale to offer scandium to the waiting global markets outside of the disruptions what are apparently going to be caused by this trade dispute…” States George Putnam, President, CEO, and Director of Scandium International Mining Corp. (TSX: SCY), in an interview with InvestorIntel’s Tracy Weslosky.
George went on to discuss Scandium International’s mine lease for its Nyngan Scandium Project. He said that the company is in discussions with the New South Wales’ Department of Planning and Environment and expects that the mine lease will be reissued soon. George also provided an update on the LOIs with customers. He said that Scandium International is expecting full technical success with two of its LOI partners and are working to add more potential customers in the form of LOIs this year.
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