Trafigura-Backed Terrafame Studies Producing Scandium in Finland

Metals firm Terrafame is studying starting producing scandium, a material used in sectors including defense, from its existing uranium operation in Finland, as Europe seeks to secure supplies of critical minerals.

The company, backed by trading house Trafigura Group, has begun a pre-feasibility study to assess obtaining the rare earth metal using a side stream at its uranium recovery plant, it said in a statement on Tuesday.

This article was originally published by Bloomberg on 19 May 2026.

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