Estimated Selling Prices by Alloy Type:
Aluminum Alloys (e.g., 2219, 7050):
Range: $60–$100/kg.
Rationale: Aluminum powders for AM typically cost $50–$100/kg. MPW’s high-strength alloys (e.g., 2219 for defense air vehicles) may command $80–$100/kg due to customer-specific requirements and consistency. Lower production costs (~$25/kg post-automation) support ~70% margins.
Copper and Copper Alloys (e.g., Cu, CuNi, NAB):
Range: $100–$150/kg.
Rationale: Copper powders range from $80–$200/kg, with CuNi and NAB often $100–$150/kg for marine and defense applications (e.g., US Navy). MPW’s textured copper powder enhances laser absorption, justifying $120–$150/kg. Prior projections used $108.33/kg as an average, aligning with this range.
Titanium Alloys (e.g., CP-Ti):
Range: $150–$250/kg.
Rationale: CP-Ti is less expensive than Ti-6Al-4V ($200–$400/kg), typically $150–$250/kg for AM. MPW’s work with Toho Titanium suggests CP-Ti pricing at the lower end ($150–$200/kg) due to high yield and no melting, maintaining ~60–70% margins.
Specialty Alloys (e.g., Zirconium, Zircaloy, C-103):
Range: $300–$600/kg.
Rationale: Zirconium and Zircaloy for nuclear applications (e.g., Westinghouse) and C-103 for aerospace are niche, with prices often $300–$1,000/kg. MPW’s cost advantage and customer-driven development (e.g., zirconium testing) suggest $300–$600/kg to balance competitiveness and profitability.
Average Selling Price:
Across the portfolio, an average selling price of $108–$150/kg is reasonable, as used in prior projections (e.g., $15 million for 150 metric tons at $100–$150/kg). The webinar’s focus on copper alloys (CuNi, NAB) and aluminum (2219) for defense and nuclear clients supports this range, with specialty alloys potentially increasing the average for smaller volumes.
Supporting Evidence
Webinar Insights: CEO John Barnes notes MPW’s powders offer “better price” and higher deposition efficiency, implying competitive pricing below atomized powders (e.g., Amaero’s $150–$300/kg for aluminum/copper). The 95% yield reduces costs, enabling prices like $100/kg for copper alloys vs. competitors’ $150–$200/kg.
Industry Data: AM powder prices from sources like Wohlers Report 2024 and 6K Additive indicate aluminum at $50–$100/kg, copper at $80–$200/kg, and titanium at $150–$400/kg. MPW’s non-thermal process likely undercuts these by 20–30%.
Revenue Validation: 2024 revenue of $0.772 million implies ~7,000–8,000 kg sold at ~$100–$110/kg (assuming 100 metric ton capacity was underutilized). Scaling to 150–250 metric tons with automation supports $108–$150/kg for $15–$35 million revenue projections.
(20min delay)