The China Securities New Energy Vehicle index rose as much as 4.1 percent after a strong rally in lithium-ion shares on the Chinese stock market. Brokerages said lithium enterprises would usher in marginal expectations, and currently, it may be the best time to layout power/energy storage lithium batteries.

According to a securities research report, the price of lithium carbonate in the upstream resource end continues to hit a new high, which reflects the shortage of lithium mineral resources, and lithium has become one of the core elements of the development of the lithium electricity industry. In 2022, global demand for lithium carbonate continues to grow strongly, while the supply-side growth is relatively limited. And, because related mining enterprises experienced the last lithium down cycle, they would expand nickel alloy are expected to rise.

Nickel alloys are metals made by combining nickel as the main element with another material (usually titanium, copper, aluminum, iron, and chromium). 
It combines two materials to provide more desirable functions, such as higher strength or corrosion resistance. Due to its unique performance, it is used in a variety of devices in multiple industries.
About 90% of all new nickel sold each year is used to make alloys. The most popular is stainless steel, which accounts for about two-thirds of newly produced nickel alloys. 



Enhanced properties provided by the material:
Improved versatility
Higher toughness 
Enhanced corrosion resistance 
Oxidation resistance 
Strength increases at higher and lower temperatures 
Magnetic
Electronic properties
 
Many nickel-based alloys have excellent properties at temperatures above 1000°C, making them ideal for extremely harsh environments. They provide excellent oxidation resistance at high temperatures while maintaining high-quality weldability, machinability, and ductility.
 
How long is the life of nickel alloy? 
Nickel alloys have an average life of 25 to 35 years. Depending on the application, the service life may be longer. So, the material is more cost-effective than other metals. Nickel alloys are recyclable and have one of the highest recovery rates in the world. About half of the nickel in stainless steel products comes from recycled nickel materials. 
 
Nickel alloy applications:
This material is common in a variety of devices and objects that people use every day, including: 
Mobile phone 
Food preparation equipment 
Medical equipment 
Laboratory equipment 
Transportation
Plane 
Pharmaceuticals 
Building materials 
Aircraft and power turbines 
Nuclear power system 
 
The energy, chemical, petrochemical, and power industries rely on nickel superalloys for their excellent oxidation resistance and high-temperature strength in critical applications. Alloys of nickel, chromium, and molybdenum offer enhanced corrosion resistance. 



Superalloys are made by adding homogeneous elements (including chromium, aluminum, cobalt, and titanium) to produce optimal directional solidification or single crystal structure, thus giving the material strength beyond that of ordinary steel. These nickel-based alloys are used in extremely hot environments, such as gas turbines and aircraft for electricity generation. 
 
Iron-bearing nickel alloys are popular in electronics and specialty engineering. Nickel alloys with copper are used in Marine engineering because of their corrosion resistance in seawater.
 
Wastewater treatment and piping systems have increased the use of this type of stainless steel because of its very low corrosion rate when treating water, even at high flow rates.  It also offers incredible strength and ductility and is easy to manufacture, making it easier to use a cheaper method of joining when assembling pipes. 
 
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According to Reuters, U.S. Treasury officials said they would discuss with G7 leaders pricing caps and tariffs on Russian oil as an alternative to the embargo, which would keep the market supplied, limit price spikes, and reduce Russian revenues.  

The EU foreign ministers' meeting was held in Brussels.  The meeting failed to agree on the sixth round of sanctions, including an oil embargo on Russia, because of objections from Hungary.  

EU High Representative for Foreign Affairs and Security Policy said at a press conference after the meeting, that the meeting failed to reach an agreement on the final adoption of the sixth round of sanctions, the permanent representatives of member states to the EU will continue to discuss. The foreign ministers faced similar difficulties trying to reach an agreement on an oil ban. He said Hungary's position was based on economic rather than political concerns.  

Hungary is highly dependent on Russia for energy, getting more than 60 percent of its oil and 85 percent of its natural gas from Russia.  

A few days ago, the European Commission submitted the sixth round of proposed sanctions against Russia, including a total ban on Russian oil imports by the end of this year. Hungary immediately objected and said it wanted substantial compensation from the EU to offset its loss from giving up Russian oil.

The nickel alloy price is predicted to increase in the next few days, due to geopolitical factors.

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