A malleable high density polymer material having a high density metal component and a polymer phase consisting of a rigid or hard component, and an elastomeric modifier for the hard component, and where the elastomeric component is chosen from one of several narrow molecular weight distribution ethylene/alpha-olefin elastomers. One advantage of the present invention is to achieve a surprisingly malleable, high density material that has unusual melt properties which may be used as a lead substitute in the making of for example, projectiles, shot, or angling weights. Another advantage of the present invention is to provide a lead substitute that is non-toxic.