The U.S. and its allies plan to impose sanctions on more Russian industries and supply chains.
The US government representatives recently visited Europe to consult with allies on strengthening and enforcing sanctions to punish Russia. They also plan to take action to disrupt their critical supply chains.
The US government claims that the sanctions imposed on Russia since the invasion began on February 24 have proved extremely effective, plunging Russia into a financial crisis. The sanctions include a freeze on the Russian central bank's foreign exchange assets, a ban on hard currency transactions by major Russian banks and wealthy individuals, and export restrictions on advanced semiconductors and other technologies. The sanctions have weakened the Russian economy and left the Kremlin with fewer resources.
The volatile international political situations will continue to affect the markets and prices of many commodities like the Nitinol Alloy.
What is Nitinol?
The tensile strength of Nitinol can reach 1000 MPa. That is to say, it takes more than 100 dry grams of force per square millimeter to break it, which is stronger than ordinary steel, and also has good "memory" performance and corrosion resistance.
Nitinol contains 50% nickel and 50% titanium, that is, the components of nickel and titanium are equally divided, each accounting for half. The temperature range of its shape memory can be adjusted by controlling the composition. In general, the higher the nickel content of Nitinol, the lower the operating temperature. When the nickel content is 55% and the titanium content is 45%, the memory alloy can work at room temperature.
People have used this feature of memory alloys to make pearl necklaces and bracelets made of memory alloy wires, as well as bras woven with memory alloy wires. When these decorations and health care products are worn on the body, they will restore their original curvature and stiffness under the action of human body temperature, thus playing a role in decoration and health care. In addition, the orthodontic wire can also be made of Nitinol alloy, which can use the temperature of the human mouth to correct the deformed teeth.
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At present, international supply chains were shocked, and logistics and transportation efficiency decreases. Geopolitical conflicts further aggravate uncertainties about the European and American economic recovery and the global commodity supply. For this reason, I assume the price of the Nitinol Alloy would not decrease significantly in the short term.
15+ years of experience
Over $50+ million in sales
14+ years of experience
Over $50+ million in sales
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