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Scandium Canada (TSXV: SCD, OTC: SCDCF) released an updated independent market study by EY-Parthenon projecting global scandium oxide demand rising from 91 tonnes per year in 2030 to 194 tonnes by 2035 and 706 tonnes by 2050, versus current global production of 60–80 tonnes. EY-Parthenon projects supply of about 266 tonnes by 2050, leaving a substantial gap to forecast demand, with aerospace, defence and automotive showing compound annual growth rates of 26%, 23% and 22% between 2030 and 2050. According to Scandium Canada, it is developing the Crater Lake project as a primary scandium source in North America with planned capacity of 91 tonnes per year and leveraging its Scalium+ subsidiary to commercialize proprietary aluminum-scandium alloys for aerospace, defence, automotive and advanced manufacturing.