Metals & Mining #scandium#mining
US backs Australian scandium mine with $400 million loan to secure critical mineral supply
The US Department of War has committed a conditional USD 400 million loan to Sunrise Energy Metals for the world's first primary scandium mine in Australia. The project aims to satisfy global demand of 60 tonnes per year, but faces risks from potential Chinese export control removal and loan repayment obligations.
Aug 11, 2026 1 source