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When most people think of the metal-making process, they picture a stream of molten metal pouring into a mold -- it makes a nice visual for films and commercials. But when you consider making parts with powder metal, it may be a little harder to picture the process -- or why one would bother with powder metal in the first place.
Engineers, and probably purchasers too, have been comparing powder metallurgy with competing processes for a long, long time. As for powder metal parts vs. forged parts, just like any other comparison of manufacturing methods, it helps to know the benefits and potential drawbacks of each process.