Investment casting is an industrial process based on lost-wax casting, one of the oldest known metal-forming techniques. The term "lost-wax casting" can also refer to modern investment casting processes.
Investment casting has been used in various forms for the last 5,000 years. In its earliest forms, beeswax was used to form patterns necessary for the casting process. Today, more advanced waxes, refractory materials and specialist alloys are typically used for making patterns. Investment casting is valued for its ability to produce components with accuracy, repeatability, versatility and integrity in a variety of metals and high-performance alloys.
The fragile wax patterns must withstand forces encountered during the mold making. Much of the wax used in investment casting can be reclaimed and reused. Lost-foam casting is a modern form of investment casting that eliminates certain steps in the process.
Investment casting derives its name from the pattern being invested (surrounded) with a refractory material. Many materials are suitable for investment casting; examples are stainless steel alloys, brass, aluminium, carbon steel and glass. The material is poured into a cavity in a refractory material that is an exact duplicate of the desired part. Due to the hardness of refractory materials used, investment casting can produce products with exceptional surface qualities, which can reduce the need for secondary machine processes.
The process can be used for both small castings of a few ounces and large castings weighing several hundred pounds. It can be more expensive than die casting or sand casting, but per-unit costs decrease with large volumes. Investment casting can produce complicated shapes that would be difficult or impossible with other casting methods. It can also produce products with exceptional surface qualities and low tolerances with minimal surface finishing or machining required.