For billionaires, the new crown epidemic is like a 'gold rush'! The Deutsche Presse-Agentur said on the 17th that in 2022, the wealth held by the world's top ten richest people will jump from $700 billion to $1.5 trillion, an average daily increase of $1.3 billion, an increase that exceeds the past 14 years. These 10 people The wealth held by the world’s poorest 3.1 billion people is six times greater than that of the world’s poorest 3.1 billion people. The 10 richest Germans have increased their assets from the equivalent of about 125 billion euros to about 223 billion euros since the start of the Covid-19 pandemic, An increase of about 78%. This wealth is roughly equivalent to the total wealth of the poorest 40% of the population, or 33 million Germans.
In the future, demand for nickel alloy will grow as fast as the wealth of the rich during the pandemic.
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:
Enhanced corrosion resistance
Strength increases at higher and lower temperatures
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:
Food preparation equipment
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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With Russia taking the lead on Poland and Bulgaria at the end of last month, there appears to be a growing sense of compromise within the EU over whether to accept Moscow's proposed rouble settlement order.
Italy's prime minister said recently that European companies would be able to buy gas in roubles without violating sanctions. This apparently ignores the guidance of hardliners in the EU to "fight to the end".
For weeks, European companies have been trying to find ways to meet Russia's payment demands for the rouble while maintaining vital gas supplies without violating sanctions against Moscow.
Late last month, European Commission President Von der Leyen said operating under the mechanism would violate sanctions and asked European companies not to bow to Russian demands. However, the EU has yet to issue more rigorous written guidelines on how companies should pay Gazprom.
The Italian prime minister said recently, "There is no official announcement from the European Union about what ruble settlement means for sanctions violations, and no one has said whether ruble payments violate sanctions or not. It's a grey area."
"In fact, most gas importers are already opening rouble accounts for deals with Gazprom,"
He also used German companies as a shield. He said Germany's largest gas importer had already paid in rubles. "In fact, we saw evidence yesterday that the largest gas importer in Germany has already paid in rubles."
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