Probability, are u sure??? I hope your right but I read this a little different...
Metalysis takes Ti02 from hopefully the lowest cost producer RGX and with thier process makes Titatnium metal powder .....
if anything this would drive up demand for Ti02
RGX is not in competition with Metalysis in fact RGX would lower cost as always" Transforming titanium into a cheap starting material
Todd's team of a dozen engineers has developed what they believe to be world's first 3D-printed titanium car components by changing the way the metal is processed to then be transformed into automotive parts.
"Normally what happens with titanium powder is you take what they call mill grade titanium, which is something that's been three times melted and turned into a block and then rolled. Then it's turned and you remove the material you don't need and are left with a billet of titanium that is re-melted and turned into a powder.
"Titanium starts off as rutile, which is titanium oxide. So you get all the way from a powder in essence to a solid block, which is then turned back into a powder of pure metal. It's a process that's been around for a very long time.
"What we've been doing is taking the ore material - the titanium oxide - and bunging it into a salt bath that's a mix of calcium salts and other chemicals at a very high temperature and you pass electricity through it and it makes the titanium straight from the ore. You don't have to melt it, it just transforms it," Todd explained.
"What [the researchers] found is a way to ... convert rutile sand into titanium directly. It takes out a lot of the difficult, expensive processes so you're left with something that's very low cost.
"Everybody knows we can melt titanium, we've got quite good at it, but getting to the cheap starting material is a real novel piece of work they've done at Metalysis," Todd remarked.
"It's basically saying that if we can do this and cut out all the expensive process steps, you're then left with the powder you need to consolidate the material and we now know that we've got brilliant ways of consolidating powder or turning powder into solid objects - probably one of the best of which is 3D printing," he stated.
https://www.tctmagazine.com/additive-manufacturing/transforming-titanium-into-a-low-cost-material-with-3d-print/
Even if they have duplicated or found another way, we are miles ahead of them with a proven method, feasibility study, a rented building and financing well on it's way... and production in 2015. They are still in the "what if" mode and talking about raising $500 Million for a plant...
https://www.dailyfinance.com/2014/02/10/why-3d-systems-arcam-could-be-big-winners-because/
BTW, I went "ALL IN", this week and helped push the share price to .79 on Friday