Method of making complex boride particle containing alloys

A method for making boron-containing transition metal alloys, based on one or more of iron, cobalt and nickel, containing at least two metal components, comprising the steps of:

• a. rapidly quenching alloys having composition of the formula:
• R.sub.u R'.sub.v Cr.sub.w M.sub.x B.sub.y (P, C, Si).sub.z (A)
• wherein
• R is one of iron, cobalt or nickel;
• R' is one or two of iron, cobalt or nickel other than R;
• Cr, B, P, C and Si respectively represent chromium, boron, phosphorus, carbon and silicon;
• M is one or more of molybdenum, tungsten, vanadium, niobium, titanium, tantalum, aluminum, tin, germanium, antimony, beryllium, zirconium, manganese and copper;
• u, v, w, x t and z represent atom percent of R, R', Cr, M, B and (P, C, Si), respectively, and have the following values:
• u=30-85
• v=0-30
• w=0-45
• x=0-30
• y=5-12
• z=0-7.5
• with the provisos that (1) the sum of v+w+x is at least 5;
• (2) when x is larger than 20, then w must be less than 20;
• and (3) the amount of each of vanadium, manganese, copper, tin, germanium, antimony and magnesium may not exceed 10 atom percent, to form an amorphous alloy having the aforestated formula (A), said amorphous alloy being at least about 50 percent amorphous, as determined by X-ray diffractometry;
• and
• b. heating said amorphous alloy to temperature between about, 0.7 and about 0.8 of the solidus temperature of said alloy in degrees centigrade for a time period of about 1 to about 20 hours, to effect devitrification of said alloy, so that, upon devitrification, said alloy is composed of ultrafine grains of a primary solid solution phase randomly interspersed with particles of complex borides, wherein said complex boride particles are predominantly located at the junctions of at least three grains of said ultrafine grain solid solution phase.