**1. Core Observations** • Sandvik fully exits AM: Sells Osprey (50-year history, 2,000+ alloy variants) to Mimir, Q3 closing, with a SEK 230 million impairment. Chinese low-cost competition pressures Western margins in mid-to-low-end markets, but gaps remain in batch stability and international certification for high-end aerospace/medical implants. The global AM powder landscape is stratifying: "Rising East in low-to-mid, strong West in high-end." • Domestic powder pioneers: VILARIE leverages AI for end-to-end intelligence, boosting first-pass yield from 50% to 96%+ and success rate for complex parts from 50% to 90%. Beifeng Intelligence, named a "Key Little Giant," offers red copper printing (thermal conductivity 400 W/(m·K)) with a 5,000-ton/yr Shanxi base. They represent "AI empowerment" and "full-chain integration" paths. • BYD’s 600,000-part factory: Huizhou BYD Electronics invests ¥88.8M to produce 600,000 metal parts/yr (hinges, watch cases, USB-C) for Apple, Huawei, Xiaomi. This signals metal 3D printing's shift from complementary to mainstream production, driving demand for 15–53μm fine powders. • Commercial space launches accelerate: Long March 12B reusable rocket first flight success (21-month development); Space Computing Industry Innovation Center founded; Qianfan constellation accelerates. Liquid oxygen tank bottom ultra-low temperature forming technology enters mass production, cutting manufacturing cycle by 90%. • Historic powder standardization: China's National Institute for Food and Drug Control first calls for drafters of national standard for medical AM metal powders. Meanwhile, GB/T 47006-2026 quality grading standard takes effect in August, and SAE releases two 2026 editions. The powder quality infrastructure is moving from fragmented to systematic. • Global supply chain game intensifies: U.S. Deluzio Act pushes supplier-level certification; 6K Additive receives $1.95M from DLA to convert scrap into strategic powders; EU RESourceEU pilot operational; Nordic NAMA alliance formed. Supply chains shift from market-driven to geopolitically driven competition. **2. Raw Material Prices & Market Trends** • 1# Tungsten rod: 1366 (-1.0% WoW); 1# Moly: 595.5 (+0.2%); Electrolytic copper: 105.5 (+0.8%); Electrolytic nickel: 142.1 (-1.1%). Tungsten stabilizes at low, down 33%+ from early May high. Raw material cost pressure eases for powder makers. • Global metal powder market: $8.55B (2026) → $11.34B (2030), CAGR 7.3%. Asia-Pacific leads at 44% share; specialty alloys grow fastest. Metal AM powder grows at twice the overall market rate. • Cost & supply chain insights: Overcapacity in titanium powder looms; domestic leaders total ~20,000 t/yr capacity; TC4 powder drops from ¥600 to ¥200–300/kg. Copper powder driven by AI liquid cooling and commercial space. Supply chain security becomes policy focus. **3. Industry Dynamics & Capacity Expansion** • Capacity expansion: SSAB expands steel powder plant (350 t/yr, 2028); Amaero lands AU$7.8M titanium powder order; 6K Additive wins US$1.95M DLA grant; Luyin New Materials collaborates on AI-assisted alloy design; Continuum offers small-batch atomization (40–50 kg); Youyan Composites plans ¥150M metal matrix composite project; China Machinery Institute Zhengzhou AM center produces 150 t/yr TC4 titanium powder. • Integration: Feiwo Technology acquires 60% of Xi'an Chuanghang for ¥43.2M, forming "3D printing + precision machining" chain. Norsk Titanium signs new R&D deal with Airbus for RPD industrialization. • Nuclear AM: MPW Westinghouse Phase 3: DirectPowder delivers 100 t/yr per machine, >95% yield (vs. conventional 30–50%). Norsk Titanium earns Nadcap aerospace AM certification. **4. Materials & Process Breakthroughs** • Top journal breakthroughs: Acta Materialia: Laser-induced MgAlB4 nanowhiskers enable Sc/Zr-free high-strength Al alloy (tensile 610 MPa). Nature npj: Hydrogen-based "mine-to-part" near-net shape stainless steel skips smelting and forging. • New materials: ORNL DuAlumin-3D: stable at 400°C, 99.9% density, half the weight of titanium. AM 4 AM HiperAL: Sc-free, yield 525 MPa, 183 MPa at 250°C. Sandvik GRCop-42 copper alloy (NASA design for rocket combustion chambers). Shanghai Yanbei spherical manganese powder: >95% sphericity, 70% of import price. SDSS + 316L 50:50 hybrid achieves true duplex microstructure. JOM: AA6061 crack-free LPBF with 99.21% density, thermal conductivity 205.5 W/(m·K). • New processes: NMIS cold spray copper nozzle: deposition rate 10 kg/h, no melting. NTU powder-free printing: air-atmosphere titanium printing, 1.5x strength. PIKNN physics-aware AI predicts density with 58% accuracy from 10 samples. Sichuan Juzi dispersal system boosts fresh powder ratio from 30% to 70% with <5 ppm oxygen increase. • Standards & testing: National medical powder standard scoping; SAE ARP7302 + AIR7359 for aviation-grade lifecycle specs. Singapore digital certification: simulation cost US$14.45 vs. traditional US$1,400. HUST LIBS improves detection limit by 10x. Texas A&M PIKNN provides cross-alloy density prediction accuracy of 58%. **5. Policy & Global Supply Chain** • U.S.: Deluzio Act pushes supplier-level certification. 6K Additive wins DLA grant to convert scrap into strategic powders, targeting China’s 80%+ control of tungsten supply. • EU & Nordic: NAMA alliance formed (Finland, Sweden, Norway, Denmark) with Sweden leading powder materials, Finland industrial applications, Denmark circular models, Norway maritime/energy. EU RESourceEU pilot operational for Ti/W/Co/REE security. **6. Events** • TCT 3Sixty (Birmingham): 150+ exhibitors; HiperAL announces industrial partnership. EMATec (Dresden): sustainable AM materials, hydrogen, powder recycling. 3D Print Lyon (150 exhibitors); EPMA dual workshops (energy + automotive). Beijing 3D Printing Expo (June 16–18): defense IT equipment. WorldPM2026 (June 25–29, Montreal): largest powder metallurgy event. **Expert Views** • Stratasys CEO: Acquiring Markforged is a bet on industrialization; additive manufacturing's value is in scalable production, not prototyping. • Digital certification: Industry consensus building around digital twin-assisted verification, shifting from experience-based to data-driven certification. **Key Risks & Trends This Week** • Raw material prices stabilize at low; tungsten down >33% from peak. • Commercial space launches ramp up; Long March 12B first flight moves from breakthrough to batch production. • Industry stratification: "Rising East in low-to-mid, strong West in high-end." • Dual aluminum breakthroughs: ORNL 400°C high-temp + HiperAL 525 MPa low-cost. • Titanium overcapacity visible; prices fall, benefiting consumer electronics but squeezing maker profits. **Summary:** The global metal powder market is experiencing a stratified restructuring: Chinese companies dominate low-to-mid ends with cost advantages, pressuring Western firms to exit; Western players retain leadership in standards, certification, and branding at the high end. Commercial space and consumer electronics drive demand, AI empowerment becomes a competitive differentiator, and supply chain security is now a geopolitical issue.