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Lost wax casting, also known as investment casting, is a manufacturing process that begins with creating a wax model of the desired product. This wax model is coated with a refractory material to form a mold. Once the mold is set, the wax is melted away, leaving a hollow cavity that will be filled with molten metal to create the final part. This method allows for tight tolerances, complex geometries, and a superior surface finish, making it an ideal choice for precision engineering.