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Aug 12, 2013 04:23 GMT Source:SMM
SHANGHAI, Aug. 12 (SMM) - Guangdong Orient Zirconic Ind Sci & Tech Co. is going to spend 30 million yuan ($4.9 million) to build facility to recycle scandium from zirconium oxychloride acid mother liquor.
It will take six months to construct the facility, Orient Zirconic told Shenzhen Stock Exchange on August 10.
When completed, the facility will have production capacities of 2,500 kilograms for high purity scandium oxide a year, 20 tpy for mixtures of rare earth oxides and 150 tpy for zirconium oxychloride, it said.
The project is expected to generate a revenue of 42 million yuan a year and a net profit of 30 million yuan annually, it added
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