An alloy is a mixture of chemical elements of which in most cases at least one is a metallic element, although it is also sometimes used for mixtures of elements; herein only metallic alloys are described. Metallic alloys often have properties that differ from those of the pure elements from which they are made. The vast majority of metals used for commercial purposes are alloyed to improve their properties or behavior, such as increased strength, hardness or corrosion resistance. Metals may also be alloyed to reduce their overall cost, for instance alloys of gold and copper.

In an alloy, the atoms are joined by metallic bonding rather than by covalent bonds typically found in chemical compounds. The alloy constituents are usually measured by mass percentage for practical applications, and in atomic fraction for basic science studies. Alloys are usually classified as substitutional or interstitial alloys, depending on the atomic arrangement that forms the alloy. They can be further classified as homogeneous (consisting of a single phase), or heterogeneous (consisting of two or more phases) or intermetallic. An alloy may be a solid solution of metal elements (a single phase, where all metallic grains (crystals) are of the same composition) or a mixture of metallic phases (two or more solutions, forming a microstructure of different crystals within the metal).

Examples of alloys include red gold (gold and copper), white gold (gold and silver), sterling silver (silver and copper), steel or silicon steel (iron with non-metallic carbon or silicon respectively), solder, brass, pewter, duralumin, bronze, and amalgams. Alloys are used in a wide variety of applications, from the steel alloys, used in everything from buildings to automobiles to surgical tools, to exotic titanium alloys used in the aerospace industry, to beryllium-copper alloys for non-sparking tools.

An alloy is a mixture of chemical elements, which forms an impure substance (admixture) that retains the characteristics of a metal. Alloys are made by mixing two or more elements, at least one of which is a metal. This is usually called the primary metal or the base metal, and the name of this metal may also be the name of the alloy. The other constituents may or may not be metals but, when mixed with the molten base, they will be soluble and dissolve into the mixture.

The mechanical properties of alloys will often be quite different from those of its individual constituents. A metal that is normally very soft (malleable), such as aluminium, can be altered by alloying it with another soft metal, such as copper. Although both metals are very soft and ductile, the resulting aluminium–copper alloy will have much greater strength. Adding a small amount of non-metallic carbon to iron trades its great ductility for the greater strength of an alloy called steel. Due to its very-high strength, but still substantial toughness, and its ability to be greatly altered by heat treatment, steel is one of the most useful and common alloys in modern use. By adding chromium to steel, its resistance to corrosion can be enhanced, creating stainless steel, while adding silicon will alter its electrical characteristics, producing silicon steel.

Like oil and water, a molten metal may not always be miscible with another element. For example, lithium, magnesium, or silver are almost completely insoluble with pure iron. Even when the constituents are soluble, each will usually have a saturation point, beyond which no more of the constituent can be added. Iron, for example, can stably hold a maximum of 6.67% carbon, forming a compound called cementite.

Although the elements of an alloy usually must be soluble in the liquid state, they may not always be soluble in the solid state. If the metals remain soluble when solid, the alloy forms a solid solution, becoming a homogeneous structure consisting of identical crystals, called a phase. If as the mixture cools the constituents become insoluble, they may separate to form two or more different types of crystals, creating a heterogeneous microstructure of different phases, some with more of one constituent than the other. However, in other alloys, the insoluble elements may not separate until after crystallization occurs. If cooled very quickly, they first crystallize as a homogeneous phase, but they are supersaturated with the secondary constituents. As time passes, the atoms of these supersaturated alloys can separate from the crystal lattice, becoming more stable, and forming a second phase that serves to reinforce the crystals internally.

Some alloys, such as electrum—an alloy of silver and gold—occur naturally. Meteorites are sometimes made of naturally occurring alloys of iron and nickel, but are not native to the Earth. One of the first alloys made by humans was bronze, which is a mixture of the metals tin and copper. Bronze was an extremely useful alloy to the ancients, because it is much stronger and harder than either of its components. Steel was another common alloy. However, in ancient times, it could only be created as an accidental byproduct from the heating of iron ore in fires (smelting) during the manufacture of iron. Other ancient alloys include pewter, brass and pig iron.