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Japan’s Sumitomo to Construct Rare Earths Recovery Plant in the Philippines

Japan's Sumitomo Metal Mining Co. has announced it is constructing what could be the Philippines' first foray into rare earths mining, a scandium recovery plant on Palawan Island.

The scandium recovery plant is expected to start construction later this year, and to be operational in 2014.

A silvery-white metallic transition metal, it is used to make high-intensity lightbulbs. It is added to mercury vapor lamps to enable it to emit light that resembles sunlight. Scandium is also added to baseball bats and expensive, sturdy bikes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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