Year-by-year annual average price for scandium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Scandium oxide (Sc₂O₃), 99.9%; limited primary production worldwide.
Scandium dramatically improves aluminum alloy strength-to-weight ratio, making it critical for aerospace fuel efficiency. SOFCs represent a major emerging clean energy application. Demand is driven primarily by Scandium-aluminum alloys for aerospace, Solid oxide fuel cells (SOFC) electrolytes, High-intensity metal halide lamps. Supply is concentrated in China, Russia, Ukraine, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Scandium prices.
Scandium prices held roughly steady at $3,600 per USD/kg (2023 average: $3,600) in 2024.
Scandium prices fell -5.3% from 2022's $3,800 per USD/kg to $3,600 per USD/kg in 2023.
Scandium prices rose +5.6% from 2021's $3,600 per USD/kg to $3,800 per USD/kg in 2022.
Scandium prices held roughly steady at $3,600 per USD/kg (2020 average: $3,600) in 2021.
Scandium prices fell -5.3% from 2019's $3,800 per USD/kg to $3,600 per USD/kg in 2020. That made 2020 the lowest annual average in the recorded series.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/kg) | YoY Change |
|---|---|---|
| 2024 | $3,600 | +0.0% |
| 2023 | $3,600 | -5.3% |
| 2022 | $3,800 | +5.6% |
| 2021 | $3,600 | +0.0% |
| 2020 | $3,600 | -5.3% |
| 2019 | $3,800 | -5.0% |
| 2018 | $4,000 | +5.3% |
| 2017 | $3,800 | +0.0% |
| 2016 | $3,800 | -15.6% |
| 2015 | $4,500 | -10.0% |
| 2014 | $5,000 | +0.0% |
| 2013 | $5,000 | +0.0% |
| 2012 | $5,000 | +0.0% |
| 2011 | $5,000 | +25.0% |
| 2010 | $4,000 | +5.3% |
| 2009 | $3,800 | -5.0% |
| 2008 | $4,000 | +0.0% |
| 2007 | $4,000 | +0.0% |
| 2006 | $4,000 | +0.0% |
| 2005 | $4,000 | +0.0% |
| 2004 | $4,000 | +0.0% |
| 2003 | $4,000 | +0.0% |
| 2002 | $4,000 | +0.0% |
| 2001 | $4,000 | +0.0% |
| 2000 | $4,000 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Scandium oxide (Sc₂O₃), 99.9%; limited primary production worldwide
The most recent annual average we track is $3,600 per USD/kg for 2024. Live spot prices are shown on the Scandium live-price page.
up +0.0% — from $3,600 per USD/kg in 2023 to $3,600 per USD/kg in 2024.
down -5.3% — from $3,800 per USD/kg in 2019 to $3,600 per USD/kg in 2024.
down -28.0% — from $5,000 per USD/kg in 2014 to $3,600 per USD/kg in 2024.
Scandium dramatically improves aluminum alloy strength-to-weight ratio, making it critical for aerospace fuel efficiency. SOFCs represent a major emerging clean energy application. Demand is driven primarily by Scandium-aluminum alloys for aerospace, Solid oxide fuel cells (SOFC) electrolytes, High-intensity metal halide lamps. Supply is concentrated in China, Russia, Ukraine, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Scandium prices.
The highest annual average scandium price in our recorded series was $5,000 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Scandium oxide (Sc₂O₃), 99.9%; limited primary production worldwide