Due to current equipment limitations, products must be molded using quantities of 100 grams or less per "shot" into the mold. This shot can be distributed into multiple cavities, making MIM cost-effective for small, intricate, high-volume products. MIM feedstock can be composed of a plethora of metals, but most common are stainless steels, widely used in powder metallurgy. After the initial molding, the feedstock binder is removed, and the metal particles are diffusion bonded and densified to achieve the desired strength properties. The latter operation typically shrinks the product by 15% in each dimension.
The process steps involve combining metal powders with polymers such as wax and polypropylene binders to produce the "feedstock" mix that is injected as a liquid into a mold using plastic injection molding machines. The molded or "green part" is cooled and ejected from the mold. Next, a portion of the binder material is removed using solvent, thermal furnaces, catalytic process, or a combination of methods. The resulting, fragile and porous (40 volume percent "air") part, is in a condition called the "brown" stage. To improve handling often the debinding and sintering are combined into a single process. Sintering heats the powder to temperatures near the melting point in a protective atmosphere furnace to densify the particles using capillary forces in a process called sintering. MIM parts are often sintered at temperatures nearly high enough to induce partial melting in a process termed liquid phase sintering. For example, a stainless steel might be heated to 1350 to 1400 degrees Celsius). Diffusion rates are high leading to high shrinkage and densification. If performed in vacuum, it is common to reach 96–99% solid density. The end-product metal has comparable mechanical and physical properties with annealed parts made using classic metalworking methods. Post sintering heat treatments for MIM are the same as with other fabrication routes, and with high density the MIM component is compatible with the metal conditioning treatments such as plating, passivating, annealing, carburizing, nitriding, and precipitation hardening.