Found that large rare-earth scandium Zhejiang valuation of 70 billion yuan more than mine-Shenzhen City Taihuaxin Metal Products Co., Ltd.

Geological Exploration Bureau, Zhejiang Province in the First Geological Team found a large area in Northwest scandium deposit, resources of more than initially proved Sc 70 tons worth over 70 billion yuan.
Including 17 kinds of rare earth metals scandium, scandium which is mainly used for military, aerospace, nuclear energy and superconductors and other cutting-edge technology, belong to the state strategic reserve of rare earth metal. Geological Team of Zhejiang Province, according to chief engineer Yang Xiaochun first introduced, the market price of scandium metal is generally 4 times gold has historically been as high as 10 times.
"Zhejiang Daily"reported that this proved very large scandium deposit, were also associated with a large silver-based multi-metal ore, of which 800 tons of silver, lead and zinc 130,000 tons, and a large cadmium ore 3,000 tons, in addition to 7,000 tons of tin, 400 tons of gallium, rhenium 5.5 tonnes, are up to medium scale. In addition to large Sc ore was first discovered in Zhejiang are outside, so rich in precious metals on a large scale, non-ferrous and rare metals found in the same mine is also the first time.
These metals are worth a lot of money. The market price of tin at 20 yuan a ton; the price of gallium and silver almost, about 600 yuan a ton; Re 60 million yuan a ton, equivalent to 10 times that of silver.