A tool for machining materials has a main part and one or more blades. The main part is made of a low-alloy steel. The socket is welded to the main part, and the blade edges are made of a hard metal. The hard metal contains at least 82 vol. % of tungsten carbide and a metallic binder made of a cobalt-nickel-based alloy. The hardness of the hard metal is greater than 1350 HV10. The socket has a sintered composite, and 40 vol. % to 60 vol. % of the composite is composed of a metal carbide and a metallic binder. At least 95 vol. % of the metallic binder is made of nickel, and the hardness of the composite is less than 800 HV10.

A tool for machining materials has a main part and one or more blades. The main part is made of a low-alloy steel. The socket is welded to the main part, and the blade edges are made of a hard metal. The hard metal contains at least 82 vol. % of tungsten carbide and a metallic binder made of a cobalt-nickel-based alloy. The hardness of the hard metal is greater than 1350 HV10. The socket has a sintered composite, and 40 vol. % to 60 vol. % of the composite is composed of a metal carbide and a metallic binder. At least 95 vol. % of the metallic binder is made of nickel, and the hardness of the composite is less than 800 HV10.

A sintered material contains hard particles composed of one or more selected from the group consisting of cubic boron nitride, Al.sub.2O.sub.3, AlON, SiAlON, TiC, TiCN, TiN, WC, and diamond, a metallic binder phase mainly composed of Co or Ni and containing at least one element selected from the group consisting of Co, Ni, Al, W, V, and Ti, and Al.sub.2O.sub.3 dispersed in the metallic binder phase.

One aspect of the disclosure relates to a cutting tool for forming a final opening in a stack that includes at least two layers and a pilot opening having a pilot-opening dimension and extending through at least one of the at least two layers. The cutting tool includes a shank. The cutting tool also includes a first portion including at least one of a first coating or the first coating and a second coating, wherein the first coating at least partially covers the first portion. The cutting tool also includes a second portion between the shank and the first portion, wherein the second portion includes the second coating, and wherein the second coating at least partially covers the second portion.