ALLOY, PROTECTIVE LAYER AND STRUCTURAL ELEMENT

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An alloy comprises (in wt.%) cobalt (24-26, preferably 25), chromium (12-14, preferably 13), aluminum (10-12, preferably 11) and elements chosen from scandium and rare-earth element, preferably yttrium (0.2-0.5, preferably 0.3), and remainder of nickel. An independent claim is included for layer for protecting component from corrosion and/or oxidation at high temperatures.