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Private and Confidential © 2013 Metalysis Ltd.
Low Cost Titanium - A Global Opportunity
Kartik Rao
IOM3 - London, UK12th December 2013
Private and Confidential © 2013 Metalysis Ltd.
Global Titanium Markets
Source: Roskill, ITA, SMR
• High value metal - annual volumes of ~170,000 tonnes in a market worth between $5-10 billion
• The market for additive manufacturing is currently worth over $1 billion and is growing at 20% CAGR. The market for powders is expected to grow to ~$30 billion by 2025
• Additive manufacturing grade powder prices range from $200-400/kg
• Aerospace grade– Demand from the aerospace industry remains strong due to use of composites and drive
for fuel efficiency
• Industrial grade– Used in the petrochemical, desalination and medical industries – Current market size is constrained by the cost of the metal, poised to expand rapidly if
the cost can be lowered
• A significant value opportunity
Private and Confidential © 2013 Metalysis Ltd.
• Electrolysis process’ are regarded as highly efficient
• Relatively low temperature operation and lower energy consumption
• Inexpensive components for electrolysis – cheap, readily available salt and carbon
• No toxic gases used
• Powder feed to powder product
Simple, highly cost effective and greener process
Private and Confidential © 2013 Metalysis Ltd.
A range of tailored titanium powder products
COARSE POWDER
DIRECT ORE & PIGMENT DERIVED POWDER
SPHERICAL POWDER
Private and Confidential © 2013 Metalysis Ltd.
Titanium ore$0.6/kg
TiO2 pigment$3.2/kg
MetalysisProcess
Titanium powder could replace mill products and enables near net shape production and 3D printing
Significant potential for reducing titanium processing costs
Ti powder$200-400/kg
Mill products$50-70/kg
Billet$40/kg
Ingot$25/kg
Kroll sponge$11-15/kg
TiCl4
$1.5/kg
Sphericalpowder
Metalysispowder
Private and Confidential © 2013 Metalysis Ltd.
Halving the price of aluminium has generated at least a ten-fold volume growth for aluminium
Titanium market may have huge growth potential as per aluminium
Aluminium industry price development Aluminium industry volume development
Source: USGS, European Aluminium Association
Private and Confidential © 2013 Metalysis Ltd.
Titanium market can expand by displacing steels and other alloys
Source: Roskill presentation, Minor Metals Conference 2013
Titanium has the potential to displace certain steels, stainless steels and high performance alloys, primarily in corrosion resistant applications
Al and Mg
Low cost Titanium
Private and Confidential © 2013 Metalysis Ltd.
Low Cost Titanium: Routes to market
Ti powder
Press & Sinter
Additive manufacturing
CIP/HIP
Direct powder
extrusion
Direct powder rollingExtrusion Rolling Machining
Private and Confidential © 2013 Metalysis Ltd.
Research conducted with a wide range of parties
Private and Confidential © 2013 Metalysis Ltd.
Summary
• Titanium has a very attractive combination of properties such as high strength, low density, excellent corrosion resistance, good high temperature performance
• Titanium’s major problem historically has been its high cost of extraction in-spite of its high abundance in the Earth’s crust
• Metalysis has developed a unique technology originally based on the FFC® Process invented at the University of Cambridge, capable of producing a vast range of metal powders for use in conventional and additive manufacturing at substantially lower cost
• Metalysis has been able to accelerate development with the help of grants, universities and potential end users.
• However, significant further effort is required to further innovation, development and commercial exploitation to develop a competitive UK advantage.
• Areas for focus: Alloy development, powder metallurgy, direct rolling and extrusion
Private and Confidential © 2013 Metalysis Ltd.