NioCorp Investor Presentation Deck
Scandium
Forecast demand (117 tpy by 2026) greatly exceeds current supply (25 tonnes/year)¹ and exceeds
NioCorp's potential annual scandium production.
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Momentum building in the market, with new pilot production from Rio Tinto² and planned
production from others.
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● Potential in EV/Automotive: Net pounds of aluminum per light duty vehicle is forecast to increase
from 459 lbs. in 2020 to 570 lbs. in 2030,³ representing a large potential for scandium use in
aluminum-scandium alloys, even at low overall penetration; just 10% of this volume using 0.1%
scandium would mean 700 tons/year scandium demand.¹
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SCANDIUM: Limited Current Supply But Very Large Latent Demand
Solid oxide fuel cell use of Scandium (-22 tpy) forecast to grow at 23% CAGR¹
Aerospace + industrial use in 2022 (-5 tpy) forecast to reach 50tpy over next 5 years¹
2021
Base Case: Global Scandium Demand, Unconstrained by Supply Availability
NioCorp
Critical Mineral Security
2022
2023
Bloom Energy (SOFCs) Aerospace Industrial Other
2024
117 tpa
2025
2026
Source: ONG Commodities Ltd., 2021
Global Scandium Demand Drivers
Increasing
focus on
lighter-weight
and more fuel
efficient
commercial jets
Approximately $2M
of scandium in a
single airliner offers
an estimated $27M
million of net
present value in fuel
savings.4
1 ONG Commodities Ltd.
2 Rio Tinto.
3 Advanced Casting Research Center.
Development of
lighter-weight
and more fuel
efficient
railway cars
and large
transport
One of the world's
largest aluminum
companies has
already produced
Al-Sc alloy rail
hopper cars.5
Weight
reduction in EV
components is
a high priority
for automakers.
IEA forecast 25%
CAGR growth in
demand for EVs to
2030.6
4 Company estimate.
5 Aluminum International Today, Jan. 25, 2022.
6 EA Global EV Outlook 2022.
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