On August 18, 2026, Jiangsu Zenshi Special Alloy Co., Ltd. submitted its "12,000-ton annual nickel-, titanium-, and cobalt-based superalloy materials and products project" for construction drawing review. These superalloys are critical materials for hot-section components in aero engines, gas turbines, and rocket engines, and also serve as the primary feedstocks for superalloy powder atomization. The new 12,000-ton capacity will strengthen domestic supply of upstream master alloys for superalloy powders, helping to alleviate the current bottleneck caused by limited domestic feedstock availability. Key implications for powder buyers: (1) Expanded master alloy capacity will lower raw material costs and supply risks for powder producers, improving price stability and delivery reliability for nickel-based superalloy powders such as GH4169 and GH3625; (2) Accelerated domestic production of master alloys signals further progress in substituting imported high-end powders with locally produced alternatives; (3) Monitor the project's commissioning timeline to assess how superalloy powder supply dynamics may shift in East China.