Steel and titanium have dominated the construction and building industry for a while, being reliable to both support and form structure.
However, in February this year, materials scientist Hansoo Kim, from the Pohang University of Science and Technology, has seemingly produced a new element.
This new element, formed by mixing new lies within the B2 crystal, is super strong - which is as cheap and light as steel, but as strong as titanium.
If the steps to produce this element are followed correctly, the alloy would be 13 percent less dense than regular steel, but would also equal the strength of titanium.
This could be the path to produce lighter, stronger and cheaper lifestyle options including cars, buildings and infrastructure.
The new material is more flexible, stronger and has the same strength-to-weight- ratio as titanium - and with a cheaper cost, it will surely compete with steel and titanium.