As the world deals with potential supply shortages, oil prices are soaring again, with more dramatic spikes and sudden drops expected.
For consumers, that means more expensive gas for longer - prices at the pump remain above $4 a gallon. For the economy, that means more inflation. In addition to the pressure on consumers, any business that relies on oil -- from airlines and truck drivers to chemical companies and plastics producers -- will face higher costs.
Mr Pickering estimates that 2m to 3m barrels a day of Russian oil shipped by water are frozen out of the market with no direct buyers. Due to the soaring oil price, the price of the Nitinol Powder in the chemical industry will also be greatly affected. He said China and India are continuing to buy Russian crude. "I'm sure there will be others willing to take on more over time," he said. Mr Pickering said he did not expect oil to return to $130 a barrel, but added that it could happen. Francisco Branch, head of commodities and derivatives at Bank of America, said the US market was ready for cyclical price spikes and price swings in the Nitinol Powder.
What is metal 3D printing?
Metal 3D printing is a 3D printing technology that uses metal powder to directly print metal parts, also known as metal powder sintering (SLM). In addition to good plasticity, 3D printing metal powder must also meet the requirements of fine powder particle size and high particle size distribution. Narrow, high sphericity, good fluidity and high bulk density requirements. Currently, the metal powders used in most 3D printers include stainless steel, aluminum alloys, cobalt-chromium alloys, copper alloys, titanium alloys and nickel alloys. Iron-based alloys are engineering The most important and most used metal material in technology is mostly used for the forming of complex structures, and is widely used in aerospace, automobile, shipbuilding, machinery manufacturing and other industries.
3D Metal Printing Materials
Nickel alloy powder
The oxidation resistance and corrosion resistance of nickel alloy make it suitable for the harsh environment of high temperature and high pressure. When the nickel alloy is heated, a thick and stable oxide layer will be passivated on the surface of the alloy to protect the inside of the alloy from corrosion. Good mechanical properties are maintained over a wide temperature range.
Cobalt-chromium alloy powder
Because of its excellent wear resistance and corrosion resistance, cobalt-chromium alloy powder for metal 3D printing is commonly used to print various artificial joints and orthopaedic implants, and it is also used in the field of dentistry.
Titanium alloy powder
It is widely used in the aerospace field. Using the advantages of 3D printing to help optimize product design, such as replacing the original solid body with a complex and reasonable structure, the finished product has lower weight and better mechanical properties. This can not only reduce costs, but also Lightweight production of each component can be achieved.
Copper alloy powder
With excellent thermal and electrical conductivity, copper with excellent thermal conductivity in thermal management applications can be combined with design freedom to produce complex internal structures and conformal cooling channels.
Stainless steel powder
Relatively cheap metal printing materials, cost-effective, good corrosion resistance, high strength, can quickly and efficiently manufacture small batches of complex industrial parts.
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New Delhi: India is seeking to increase its purchases of crude oil from Brazil, the country's oil minister said recently after meeting his Brazilian counterpart.
India is the world's third-largest importer and consumer of crude oil. Brazil currently supplies only a fraction of India's crude oil imports.
India's state-owned companies Bharat Petroleum Corp and Oil and Natural Gas Corp have invested in oil and gas exploration in Brazil.
India, which imports about 84% of its crude oil needs, is reducing its import bill by increasing biofuel use, among other things.
India's state-owned fuel retailers are increasing ethanol storage capacity by 51 percent and the country plans to double the biofuel blend in petrol to 20 percent by 2025.
India and Brazil are currently cooperating on biofuels and ethanol.
The prices of many commodities like the Nitinol Powder are expected to increase in the future.
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