Australian scandium miner gets US backing as Chinese restrictions bite

CommoditiesRare earth element for chipmakers, defense firms getting harder to source, says CEOScandium is used for solid oxide fuel cells, high-strength metal alloys in defense and aerospace equipment and in wireless communication chips.SHAUN TURTONAugust 10, 2026 13:22 JSTCANBERRA -- Australian scandium mine developer Sunrise Energy Metals' share price surged 20% in early trading on Monday after the company was among the potential recipients of U.S. support for critical mineral projects.Read NextLatest on Commodities