Metal additive manufacturing (AM) is an innovative manufacturing method with numerous metallurgical benefits, including fine and hierarchical microstructures and enhanced mechanical properties, thanks to the utilization of a local heat source and the rapid solidification nature of the process. High levels of productivity, together with the ability to produce complex geometries and large components, have added to the versatile applicability of metal AM with applications already implemented in various sectors such as medicine, transportation, and aerospace. To further enhance the potential benefits of AM in the context of small- to medium-scale bulk production, metallurgical complexities should be determined and investigated. Hence, this review paper focuses on three significant metallurgical aspects of metal AM processes: in situ alloying, functionally graded materials, and surface treatments for AM parts. The current text is expected to offer insights for future research works on metal AM to expand its potential applications in various advanced manufacturing sectors.