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Cymat and KAP Minerals plan joint venture to produce scandium-aluminum alloy in Canada, targeting aerospace and defense markets.

Company Fundamentals
02 Nov 2026, 17:38 WIB
PRNewsWire
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Bullish
Cymat and KAP Minerals plan joint venture to produce scandium-aluminum alloy in Canada, targeting aerospace and defense markets.

Cymat Technologies announced a joint venture with KAP Minerals to produce scandium-aluminum (Sc-Al) master alloy at Cymat's Mississauga facility. The scandium will be sourced from KAP's phosphate mine tailings in Ontario, offering a low-cost, Canadian supply of this critical mineral. The alloy aims to serve aerospace, defense, and advanced manufacturing sectors, leveraging government support and existing infrastructure. Cymat will detail the initiative and its synergy with its metal matrix composites production in an investor webcast on November 4, 2026.

Cymat Technologies' joint venture for scandium-aluminum master alloy production is the subject, with Pluang market data as context. As of Nov 02, 2026 22:13 WIB, the Basic Materials sector on Pluang showed strong breadth, with 78 of 83 US stocks rising. Notable movers include ARIS at USD 15.08 (+4.61%), SHW at USD 347.85 (+4.58%), and BTG at USD 4.81 (+4.57%), highlighting robust activity in this sector.

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