Transcript Low Cost Ti - A Global Opportunity (Kartik Rao, Metalysis)

Low Cost Titanium A Global Opportunity
Kartik Rao
IOM3 - London, UK
12th December 2013
Private and Confidential © 2013 Metalysis Ltd.
Global Titanium Markets
•
High value metal - annual volumes of ~170,000 tonnes in a market worth between $5-10
billion
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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
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Aerospace grade
– Demand from the aerospace industry remains strong due to use of composites and
drive for fuel efficiency
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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
Source: Roskill, ITA, SMR
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Simple, highly cost effective and greener process
• 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
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A range of tailored titanium powder products
COARSE POWDER
DIRECT ORE & PIGMENT
DERIVED POWDER
SPHERICAL POWDER
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Significant potential for reducing titanium processing costs
Titanium ore
$0.6/kg
TiCl4
$1.5/kg
Kroll sponge
$11-15/kg
Ingot
$25/kg
TiO2 pigment
$3.2/kg
Billet
$40/kg
Mill products
$50-70/kg
Metalysis
powder
Metalysis
Process
Titanium powder could replace mill products and enables near net shape
production and 3D printing
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Ti powder
$200-400/kg
Spherical
powder
Titanium market may have huge growth potential as per aluminium
Aluminium industry price development
Aluminium industry volume development
Halving the price of aluminium has generated at least a
ten-fold volume growth for aluminium
Source: USGS, European Aluminium Association
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Titanium market can expand by displacing steels and other alloys
Titanium has the potential to displace certain steels, stainless steels and high
performance alloys, primarily in corrosion resistant applications
Low cost Titanium
Al and Mg
Source: Roskill presentation, Minor Metals Conference 2013
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Low Cost Titanium: Routes to market
Press &
Sinter
Additive
manufacturing
Ti powder
CIP/HIP
Extrusion
Rolling
Machining
Direct
powder
extrusion
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Direct
powder
rolling
Research conducted with a wide range of parties
Private and Confidential © 2013 Metalysis Ltd.
Summary
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Titanium has a very attractive combination of properties such as high strength, low
density, excellent corrosion resistance, good high temperature performance
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Titanium’s major problem historically has been its high cost of extraction in-spite of its
high abundance in the Earth’s crust
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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
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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.
Private and Confidential © 2013 Metalysis Ltd.