Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Rio Tinto inks deal to sell first batch of scandium alloy from North America

Published 11/03/2021, 11:12 am
Updated 11/03/2021, 11:18 am

March 11 (Reuters) - Rio Tinto (LON:RIO) RIO.AX said on Thursday it had signed an agreement to supply the first batch of its aluminium-scandium alloy produced in North America to additive manufacturer and developer Amaero 3DA.AX , to be used to develop powder for 3D printing.

The scandium oxide will be supplied from a new plant the global miner is building in Quebec, and will use a process that Rio's scientists have developed to extract scandium oxide from waste streams of titanium dioxide production.

The alloy billets will come from its Fer et Titane metallurgical complex in Sorel-Tracy, Quebec, Rio said.

The companies will also work together to develop the supply chain for Amaero's aluminium alloy, "Amaero HOT Al", with expectations of commercializing it for applications in the aerospace, defence and other industries.

Amaero was established with the support of Monash University in 2013, and holds exclusive global commercial licence rights to the alloy, which was developed by Monash University.

"We look forward to working with Rio Tinto to progress the production of the alloy so we can commence the qualification process with key customers in the aerospace sector and other industries," Amaero CEO Barrie Finnin said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.