Quick Summary
• 6K will receive $1.95 million from the Defense Logistics Agency under the Recovering Strategic Value project. The Phase II award aims to reduce the US’ dependence on Nickel, Titanium, Tungsten,...
Additional Context
6K will receive $1.95 million from the Defense Logistics Agency under the Recovering Strategic Value project. The Phase II award aims to reduce the US’ dependence on Nickel, Titanium, Tungsten, and Niobium powders from overseas. This is a significant win for 6K because it puts them on a path to being a key supplier in these high-value 3D printing powders for years to come. We expect demand for niobium to see an especially precipitous rise over the coming years, while there will be much more interest in tungsten and sustained growth in nickel alloys and titanium. Tungsten is a key material for missile components and munitions, and the market is dominated by Chinese producers. Likewise, niobium is entirely imported currently and will be a key material going forward in hypersonics and also as