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A copper alloy powder composed of Cu-14Ni-3Si-2V-2Cr-1.5Fe-1Al-0.5P has been developed for application to laser-clad valve seats. Laser-clad valve seats offer several advantages such as higher engine output and improved fuel economy owing to lower valve head temperature and an increased intake throat diameter compared with conventional press-fit valve inserts made of ferro-based powder metal. Previously, a material having a principal chemical composition of Cu-12Ni-10Co-3Si-2V-2Nb-1.5Fe-1Al was developed to obtain large hard intermetallic compounds. The microstructure of this material is formed by a two-liquid separation reaction, which has been applied to powders of different chemical compositions for laser-clad valve seats of production engines. Although this material shows superior valve seat wear resistance, it has certain drawbacks, including the high cost of the powder, high probability of microcrack formation and low machinability of the laser-clad layer.