It was named after the Taikan Range, Russia, its type locality.
Taikanite is a mineral with a color that ranges from emerald green to blackish-green.
It crystallizes in the monoclinic system.
The type locality is the Taikan Range, in the Khabarovsk Krai, Russian Far East, where the mineral was discovered in a manganese deposit.
It has also been found in Hotazel, Northern Cape province, South Africa.