Metalysis receives £20 million investment for metal powder development

News
February 22, 2016

February 22, 2016

The Australian mining company, Iluka Resources Ltd, has announced that it will invest a further £6 million in UK metal powder producer Metalysis Ltd, with an undertaking to commit an additional £4 million before 15 July 2016. The £10 million in total is expected to take Iluka’s stake in the company from 20.8% to 28.8%.

Iluka’s additional investment, together with an investment of £10 million from UK based, Woodford Patient Capital Trust, will support Metalysis’ commercialisation process as it seeks to further develop its single stage process for a low cost, low environmental impact, transformation of various metals into powder form.

David Robb, Iluka’s Managing Director stated, “If Metalysis can commercially produce titanium metal powder direct from rutile and synthetic rutile, at materially lower cost than current technologies, then a dramatic expansion in demand for titanium metal and titanium alloys could be expected. The application of titanium powder in 3D printing also presents potentially significant opportunities in a rapidly expanding market. Such developments would be positive for high grade titanium dioxide feedstock demand.”

Iluka’s support for Metalysis has been both financial and technical, with an example of the latter aspect being test work involving the addition of other elements to synthetic rutile which allow customised titanium metal alloys to be produced.

“Iluka is encouraged by the progress made by Metalysis towards commercialisation of its solid state metal powder technology. The company is also pleased at the increased focus on titanium as the core element of the Metalysis strategic plan, with a goal to accelerate commercialisation and licensing of its technology,” added Robb.

www.iluka.com    |   www.metalysis.com   

News
February 22, 2016

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link