What is Terrafame’s plan for scandium production, and why is it strategically significant for Europe?

Terrafame, backed by Trafigura Group, has launched a pre-feasibility study to produce scandium — a critical rare earth metal used in defense and high-performance aluminum alloys — from a side stream at its existing uranium recovery plant in Finland. The company states that successful implementation would make it Europe’s sole producer of scandium, directly addressing Europe’s urgent need for domestic supply amid geopolitical tensions and China’s dominance of ~85% of global scandium output, including recent export restrictions imposed in retaliation to US tariffs.

What are the targeted applications and timeline for Terrafame’s potential scandium production?

Terrafame targets scandium use primarily in high-performance aluminum alloys, leveraging scandium’s ability to yield lighter, stronger, and more durable components; it also plans to engage potential customers and explore national strategic stockpiling initiatives. The pre-feasibility study is expected to conclude by year-end, with a final investment decision targeted for early 2027 and production estimated to begin approximately two years thereafter.

Trafigura-Backed Terrafame Studies Producing Scandium in Finland

May 19, 2026

Terrafame, backed by Trafigura, is assessing scandium production from its Finnish uranium facility to bolster European critical mineral supplies. The company targets a final investment decision in early 2027, with production potentially starting thereafter.

bloomberg

2026-05-19

Trafigura-Backed Terrafame Studies Producing Scandium in Finland

Trafigura-Backed Terrafame Studies Producing Scandium in Finland

FAQ