When gold miners lose millions, they will lose their jobs
Metal 3D printers (M3Ds) are becoming more popular, with demand exceeding supply.
Many manufacturers are using the machines to make metal bars, bars of copper, and metal ingots.
However, as the price of metals has increased, the demand for the machines has decreased.
That is now happening at metal sheds in Perth and in Sydney, which have lost millions of dollars.
Metal 3D printer manufacturer Alkaline Earth Materials is blaming metal 3D printing for their losses.
Alkaline said they had lost almost $6 million in the first two months of the year.
“We are in a bit of a position now because the price has gone up a lot and we’ve lost a lot of customers and suppliers who are not really able to pay the bills for metal 3d printers,” Alkala said.
“They’re not really happy that they’re losing money.”
It’s the same thing with the metals.
We’ve got to pay for the equipment, but they’re not willing to pay that.
“The machines are not as good as they should be.
They’re not as accurate, they’re really expensive, they cost a lot more money, and they don’t have the features that the consumer wants.”
Alkalyn said they were going through a bit like a black hole and there was no going back.
“At the moment it’s just not a good place to be, and it’s going to be a very long time before we get out of that position,” he said.
A metal 3-D printer costs $1,200 per month, which is not cheap for a business that relies on metals for its profits.
Alklaly said they would continue to make their metal bars but would have to find other sources of revenue.
“I think it’s something that we’ve got in our future that we are going to look at,” he continued.
“What we’re going to do is try to find out where the metals are going and look for some other businesses to invest in.”
You know, you can’t just look at a metal and say ‘here’s a business where I can make money’.
“It has to be done by somebody who can produce that metal, it has to come from somewhere else and we have to have a business plan in place.”
Hopefully we can find some other people that can do that.
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