Following the progress in Russia-Ukraine peace talks, the gold price fell more than 1% the next day, hitting its lowest in a month, and palladium prices briefly tumbled by nearly 9%.
"We have seen metal prices going into free fall when the Russia-Ukraine situation is likely to see a major detente, which spurred people's risk preference and optimism that the war could end at a time," said OANDA senior market analyst.
A Russian deputy defense minister says Moscow has decided to sharply curtail its military activities around Kyiv and Chernikov in Ukraine, following talks between Russian and Ukrainian representatives in Istanbul.
Where the prices of metals, natural gas, and commodities like the Nickel-based Alloy will go in the future, is still very uncertain.
What is GH4049 (GH49) nickel base alloy?
GH4049 is a nickel-based superalloy, which is an age-hardening alloy. The corresponding grade is GH49. Its nickel content is about 70%. After the alloy is remelted by electroslag or vacuum arc, its processing plasticity can be improved. GH4049 superalloy has good hot and cold working properties. The alloy has good oxidation resistance below 1000 °C high temperature environment, high high temperature strength below 950 °C, small notch sensitivity, good oxidation resistance and fatigue strength. , poor single hot working plasticity
Main processing properties of GH4049 (GH49) nickel-based alloy
Compared with nickel-based alloys of the same kind, GH4049 superalloy has poor hot working plasticity. It is suitable for making gas turbine working blades with a working temperature of 850-950 °C. It is mainly used to make turbine blades for aviation, naval and industrial gas turbines. , high-temperature components such as guide vanes, turbine disks, high-pressure compressor disks and combustion chambers; also used in the manufacture of space vehicles, rocket engines, nuclear reactors, petrochemical equipment, and coal conversion and other energy conversion devices.
The nano-surface crystal layer was prepared on the surface of GH4049 nickel-based superalloy by the treatment process. The effects of different ultrasonic shot peening intensity and shot peening time on its yield strength, tensile strength and microhardness were analyzed. Residual stress distribution of the specimen after nanoization. The research results show that the increase of shot peening time has no direct relationship with the improvement of material strength, and with the increase of shot peening time, the strength of the material will decrease due to the damage of the material surface. After ultrasonic shot peening, the microhardness was significantly improved compared with that of the untreated specimen, and a compressive stress layer of about thickness was formed on the surface of the specimen, and the large compressive stress far exceeded the yield limit of the material.
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Recently, the first press conference of the Boao Forum For Asia Annual Conference 2022 was held. Two flagship reports were released at the conference: "Asia's Economic Prospects and Integration Process 2022" and "Sustainable Asia and the World 2022-Green Transformation in Action in Asia".
The flagship report points out that the global economy will recover in 2021, and the pace of economic integration in the Asia-Pacific has not stopped even in the face of the impact of COVID-19. The Asia-Pacific region has provided new impetus for the world's economic recovery and institutional building.
The report gives an outlook on the Asian economy, noting that a number of factors will affect Asian economic growth. For example, mutated strains such as Delta and Omicron have become more transmissible, and many economies are experiencing epidemic peaks again. The Ukraine crisis has triggered geopolitical changes in Asia and Europe, leading to higher commodity prices, which may affect the global energy supply and energy transformation.
The report pointed out that the Asian economy will still be in the process of recovery in 2022, but the growth rate may moderate. According to the report, Asia's economic growth in 2022 is likely to be lower than the current IMF forecast, which is projected at 4.8%.
Affected by several factors, the supply of the Nickel-based Alloy is erratic and thus its prices are expected to go higher in the future.
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