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Steel yourselves, “Iron Man” fans – the third installment of the hit movie starring the metallic Marvel character has an official release date. According to SlashFilm.com, “Iron Man 3” – which hasn’t yet started filming – will arrive in theaters on May 3, 2013.

Robert Downey Jr. and Gwyneth Paltrow are expected to reprise their roles as billionaire Tony Stark and his love interest/former assistant Pepper Potts for the third go-round. Meanwhile, director Jon Favreau has told MTV he’d like to see Iron Man doing battle with his archnemesis The Mandarin, a martial artist who wears 10 magical rings that produce everything from fire to ice to disintegration beams.

Before Downey suits up for that film, however, he’ll be playing Iron Man in the superhero ensemble “The Avengers.” Set to star Mark Ruffalo as The Hulk, Chris Hemsworth as Thor, Chris Evans as Captain America and “Iron Man 2” star Scarlett Johansson as Black Widow, the film is set to land on the big screen May 4, 2012.