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 vanadium nitride powder will go in the future, is still very uncertain.
Vanadium nitride or VN, is a compound of vanadium and nitrogen. It is a black cubic crystal powder with molecular weight of 64.95.
Vanadium nitride forms and increases wear resistance in the nitriding process of steel. In the nitriding process, another phase V2N, also known as vanadium nitride, can be formed with VN. VN has cubic rock salt structure. There is also a cryogenic form that contains V4 clusters. When the energy of the vibration mode in the high temperature NaCl structure phase decreases below zero, the low temperature phase is caused by dynamic instability.
It is a strong coupling superconductor. Nanocrystalline vanadium nitride is said to have the potential to be used in supercapacitors. The properties of vanadium nitride are sensitively determined by the stoichiometry of the material.
Vanadium nitride is a new type of alloy additive, which can replace ferrovanadium in the production of microalloyed steel. The addition of vanadium nitride to steel can improve the comprehensive mechanical properties of steel, such as strength, toughness, ductility and thermal fatigue resistance, and make the steel have good weldability. At the same strength, the addition of vanadium nitride saves the amount of vanadium by 30-40%, thus reducing the cost. Vanadium-nitrogen alloy can be used in structural steel, tool steel, pipe steel, steel bar and cast iron. The application of vanadium-nitrogen alloy in high strength low alloy steel can carry out effective vanadium and nitrogen microalloying at the same time, promote the precipitation of carbon, vanadium and nitrogen compounds in steel, and play a more effective role in sedimentation strengthening and grain refinement.
What is Vanadium Nitride VN Used For?
Vanadium nitride is a better steelmaking additive than high vanadium iron. Using vanadium nitride as additive, the nitrogen composition in vanadium nitride can promote the precipitation of vanadium after hot working and make the precipitated particles finer, so as to improve the weldability and formability of steel.
Used as cemented carbide raw materials, the production of wear-resistant and semiconductor films.
It is a new and efficient vanadium alloy additive, which can be used to produce high strength low alloy steel products such as high strength welded steel, non-quenched and tempered steel, high speed tool steel, high strength pipeline steel and so on.
Vanadium Nitride VN 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.
If you are looking for the latest vanadium nitride VN powder price, you can send us your inquiry for a quote. ([email protected])
Vanadium Nitride VN Powder Supplier
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Southern Copper Corp (SCCO.N) recently said its Peruvian mine remained closed after a six-week standoff with protesters and blamed the Peruvian government for failing to intervene in the safety of its 1,300 workers and their families.
The company said in a statement that a recent agreement to end protests at the Cuajone mine required the company to withdraw complaints against protest leaders because railways transporting minerals and supplies remained blocked. Production has been suspended since the end of February.
Peru's Energy Ministry said in a separate statement that it had also reached an agreement with Southern Copper to start talks to find common ground with local communities.
"If we shut down for a year, the government will stop receiving more than 3.1 billion soles ($830 million) in taxes and royalties, and 8,000 direct and indirect jobs will be lost. This is what we want to avoid, "Southern Copper added in the statement.
Peru has faced a wave of protests from indigenous communities, who accuse mining companies of not providing enough jobs and funding to poor local residents.
Central bank officials said last week that protests against copper mines such as MMG's Las Bambas and Southern Copper's Cuajone were dragging down the economy.
Peru is the world's second-largest copper producer and mining is an important source of tax revenue for the country. It is estimated that the supply and prices of the vanadium nitride powder will be influenced by that.
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