![Global Superalloys Market](https://res.cloudinary.com/devmoveo/image/upload/v1686314805/skyquest/gallery/Global-Superalloys-Market.jpg)
Report ID: SQMIG15J2038
Report ID:
SQMIG15J2038 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
89 |
Figures:
76
Allegheny Technologies Inc. (ATI) announced in July 2023 that it will be expanding its titanium melting business in Richland, Washington by investing in brand-new, cutting-edge equipment. In order to help satisfy the high demand for titanium, the expansion will raise ATI's production of aerospace and defense-grade titanium by around 35% over the baseline levels in 2022. By the end of 2024, the expansion is expected to be online, and product validation will take place in 2025.
Aperam Recycling, via its American subsidiary ELG Utica Alloys ("ELG"), and IperionX Limited signed a contract in July 2023 to establish a 100% closed-loop, low-carbon titanium supply chain. For a more sustainable and fully circular supply chain, IperionX will employ its patented titanium processing technology to produce low-carbon titanium metal, while ELG will supply clean titanium scrap metal.
In June 2023, Rolls-Royce and Safran announced a joint venture to develop next-generation low-emission aircraft engines, including the use of advanced superalloy materials.
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Report ID: SQMIG15J2038