Gold is a high-quality hedge hedging tool, favored by investors. Especially in recent years, with the increasing instability of the world economy, gold has become one of the preferred asset allocations of investors because of its functions of hedging and fighting inflation.
Earlier, the worsening situation in Ukraine sent gold prices soaring to a two-year high of $2,070 an ounce. But gold, along with other commodities, fell back last week as conditions changed and bulls took profits, hitting a low of $1,895 an ounce. Rising gold prices may also have an impact on the tungsten carbide powder prices.
According to China Business News, Goldman Sachs raised its gold price forecast in early March, considering Asian buyers' gold consumption demand, investment demand and central bank gold purchase demand continue to rise. Three -, six - and 12-month targets were raised to $2,300, $2,500 and $2,500 an ounce, respectively, from $1,950, $2,050 and $2,150. The last time all three accelerated was in 2010-11 when gold prices rose nearly 70%.
The World Gold Council has also noted that global gold demand is at its highest level in nearly two years, which is linked to a recovery in consumption and consumer sentiment to combat inflation.
Tungsten carbide is a compound in which two elements are combined to form a new metal. Recently, it has become increasingly popular in the industrial world as more and more people use it in place of traditional metals. It's a versatile and very useful material, but what makes it better than other metals?
Tungsten carbide is a very hard material. It is predicted to have a Mohs hardness of 8.5 to 9, second only to diamonds. This makes it a valuable metal with many different uses. Tungsten carbide bits are incredibly resilient to work where other metal bits blunt and break.
Steel, by contrast, has three times less rigidity than tungsten. This rigidity makes tungsten stronger than steel and titanium. Tungsten is very durable and can withstand many tests in any job. Whether it's tungsten powder or tungsten carbide blades, this compound gets the job done.
In addition to its strength, tungsten is easily recycled and can be used for many years. Tungsten carbide waste is collected, melted down, and modified better than other metals, potentially damaging or missing in the process. Other metals tend to lose their integrity or become too damaged to recycle, leading to more waste. Many companies are more than willing to buy tungsten scrap at a very reasonable price to give you less waste and a smaller carbon footprint.
The strength of tungsten plays an important role in its recovery value. Its toughness has ensured a long life, but there is no loss of durability in carbide recovery materials when it is recycled. Unlike metal, it is strong in all its uses and can be recycled again and again. Almost all other metals eventually break down. Because tungsten is a compound and not a natural metal, it does not have this disadvantage.
Tungsten has proved its superiority over other metals time and again in the industrial field. Its durable strength and versatility make carbide recovery materials one of the most valuable compounds.
Tungsten Carbide WC Powder Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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Tungsten Carbide WC Powder Supplier
Luoyang Tongrun Nano Technology Co. Ltd. (TRUNNANO) is a trusted global chemical material supplier & manufacturer with over 12-year-experience in providing super high-quality chemicals and nanomaterials including silicon powder, nitride powder, graphite powder, zinc sulfide, calcium nitride, 3D printing powder, etc.
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