Board Thread:Questions and Answers/@comment-32772019-20171114062916/@comment-78.194.252.210-20171114102517

Yes and no. Alchemy is associations of different materials, for exemple "fire" and "earth" elements to create "lava". They are combination.

Material Transmutation is changement of the raw element. Tranformation.

Take an exemple simple: the philosopher stone. It is created by alchemy after a magical creation that associate a great number of element, but it does material transmutation by transforming lead to gold.