Market News
Nickel Alloys Market: Key Developments
- In June 2019, Carpenter technology agreed to provide advanced soft magnetic expertise and ultra-efficient electrical components using the premium specialty alloys to the OEM’s for the electric aircraft aspirants. This would be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion systems.
- In Jan 2019, AMETEK SMP Developed New Titanium Strip Products for Ground-Breaking Medical Applications. Two new grades were introduced by the company named grade 9 and 23 and were added to their product portfolio for the medical applications.
- In July 2017, Allegheny Technologies Incorporated announced that it was selected for the supply of nickel-based alloy products for a large oil pipeline repair project. The estimated revenue project would contribute $30 million to the ATI Flat Rolled Products segment. The customer selected the innovative products which was enabled by the capabilities of hot rolling and processing facility, which featured the shortest production cycle time for the nickel-based alloy flat-rolled products.
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