Amaero Expands U.S. Metal Powder Capacity: Three EIGA Atomizers at Full Production, FY26 Revenue Surges 376%

On August 22, 2026, U.S. metal powder manufacturer Amaero (ASX: 3DA) announced the early commissioning of its third electrode induction gas atomization (EIGA) system at its McDonald, Tennessee facility. This brings the plant's annual capacity to 480 metric tons of titanium alloy powder and 200 metric tons of refractory alloy powder, totaling 680 metric tons per year—making Amaero the largest domestic U.S. supplier of spherical titanium and refractory metal powders. The product portfolio includes specialty grades such as C103 niobium-based powder for rocket engines and hypersonic applications. The company reported a 376% year-over-year increase in FY2026 revenue, with a backlog of AUD 23 million. Its three-year, AUD 72 million capital expenditure plan was completed on schedule, and Amaero has indicated it is considering a U.S. listing between late 2026 and early 2027. The capacity expansion is closely tied to the Pentagon's domestic supply chain strategy (DFARS compliance), underscoring the strong pull of defense demand on metal powder localization. The U.S. defense supply chain 'de-risking' policy continues to intensify, with domestic titanium and refractory powders designated as critical materials. Beyond Amaero, U.S. producers such as ATI and IperionX are also expanding capacity. The global spherical titanium powder supply landscape is shifting from a China-export-dominated model toward multi-polar localization, creating competitive pressure on Chinese powder suppliers' export volumes and premium-grade pricing. Key takeaways for powder buyers: ① With expanded domestic U.S. capacity for titanium alloy spherical powder and C103 niobium-based powder, buyers in U.S.-linked supply chains can source from DFARS-compliant local suppliers to shorten lead times. ② Chinese powder manufacturers can benchmark Amaero's refractory alloy (niobium-, tantalum-, and tungsten-based) product lines—a segment with high unit prices and lower competitive density. ③ Monitor Amaero's U.S. IPO progress; a successful listing could accelerate its expansion and further erode Chinese titanium powder's share in the North American market.