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- Amaero International (3DA) is the first company to secure a deal with global mining player Rio Tinto (RIO) for its aluminium-scandium alloy
- Under the three year arrangement, Amaero will source alloy billets from the mining giant to develop its high-performance alloy
- Rio is set to supply 60–75 tonnes of alloy billet products over the period, at an estimated value of just over $9 million
- The deal marks Rio’s first sale of the aluminium-scandium alloy, and the company hopes to scale out production of Amaero’s high-operating-temperature alloy in Australia and other international markets
- Amaero International is up a healthy 8.70 per cent following the news, trading at 62.5 cents per share
Amaero International (3DA) is the first company to secure a deal with global mining player Rio Tinto (RIO) for its aluminium-scandium alloy.
Under the three year arrangement, Amaero will exclusively source alloy billets from Rio’s recently commenced aluminium and scandium facility, to be processed into powder for 3D printing.
The supply chain arrangement is hoped to scale out production of Amaero’s high-operating-temperature alloy (HOT Al) in Australia, the U.S. and other international markets.
It marks Rio’s first sale of its aluminium-scandium alloy.
The high-performance aluminium alloy is mixed with scandium and manganese, resulting in 3D printed parts that can be directly aged to yield superior strength and durability at high operating temperatures.
HOT Al is often used in aerospace, defence and sports equipment industries.
The global mining player is set to supply 60–75 tonnes of alloy billet products over the period, at an estimated value of just over $9 million.
Amaero is required to accept the initial development order. However, further order volumes will be subject to the material meeting Amaero’s specifications. The company also holds exclusive global commercial licence rights to the patented alloy, which was developed by Monash University.
Amaero Chief Executive Officer Barrie Finnin said he was pleased to enter the agreement with Rio.
“This is an important step in the commercialisation of this high performance aluminium scandium alloy that will be used in our breakthrough 3D metal printing technology, ” he commented.
Amaero International is up a healthy 8.70 per cent following the news, trading at 62.5 cents at 12:43 pm AEDT.
