An ultrafine-grained Al71Ni14.5Co14.5/CNT poly-quasicrystal (QC/CNT) composite was synthesized using spark plasma sintering of powder components developed through electroless Ni-P/CNT plating of Co particles and mechanical alloying. The performance of the synthesized samples was studied using various testing methods, such as room temperature/hot compression, wear, and corrosion tests. The results were compared to the properties of alloy samples fabricated from raw and coated powders (without CNTs). The wear rate and friction coefficient of the quasicrystalline samples improved significantly due to the contribution of the CNTs. The wear rate of the CNT-containing specimens was 0.992 × 10−4 mm3/N/m, which is 47.1% lower than that of the QC sample. The positive impact of the CNTs on the corrosion potential and current density was further validated by the potentiodynamic polarization tests in a saline solution. However, these improvements in surface properties came at the cost of a 21.5% reduction in compressive strength, although the compressive strength still remained above 1.1 GPa at 600 °C. The results highlight an interesting trade-off between surface properties and mechanical strength, pointing toward the development of materials suitable for extreme conditions.
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