The World Platinum Investment Association (WPIC) said recently that carmakers are accelerating reductions in palladium use and increased use of platinum due to concerns about Russian palladium supplies. However, it still expects a significant surplus in the platinum market this year.
Palladium is used by carmakers in tailpipe emissions systems to reduce carbon emissions. While carmakers prefer palladium for catalytic converters, they are turning to platinum, which is cheaper than palladium, to save costs.
Russia accounts for about 25-30% of the world's palladium supply and 8-10% of its platinum supply.
There is no sign that western sanctions against Russia have restricted palladium exports since the conflict escalated in February, but as the conflict continues, more companies could boycott The Russian metal and governments could impose restrictions.
Platinum is currently trading at about $950 an ounce, about half the price of palladium. Automakers use about 2.5 million to 3 million ounces of platinum and about 8.5 million ounces of palladium each year.
For the year as a whole, platinum supply will be 5 percent lower than in 2021 and demand 2 percent higher, with the automotive sector seeing a 16 percent increase due to increased light vehicle spherical Al2O3 powder are still very uncertain.
What is Aluminum Oxide Al2O3?
Aluminum oxide is a kind of inorganic with the chemical formula Al2O3. It is a high hardness compound.
It is a white solid insoluble in water, odorless, tasteless, and extremely hard. The melting point is 2054℃ and the boiling point is 2980℃. Aluminum oxide is a typical amphoteric oxide, soluble in inorganic acid and alkaline solutions, almost insoluble in water and non-polar organic solvents.
What is Aluminum Oxide Al2O3 used for?
Aluminum oxide, which is chemically inert and white, is the preferred filler for plastics. Aluminum oxide is a common ingredient in sunscreen and is sometimes found in cosmetics such as blush, lipstick and nail polish.
Many glass formulations contain aluminum oxide as an ingredient. Aluminosilicate glass is a common type of glass that usually contains 5 to 10 percent aluminum oxide.
Aluminum oxide catalyzes a variety of reactions useful in industry. In its largest application, aluminum oxide is used as a catalyst in the Krauss process to convert hydrogen sulfide exhaust gas into elemental sulfur in refineries. It can also be used to dehydrate alcohols into alkenes.
Aluminum oxide can be used as catalyst carrier for many industrial catalysts, such as those used for hydrodesulfurization and some Ziegler-Natta polymerization reactions.
Aluminum oxide is widely used to remove water from the air stream.
Aluminum oxide is used for its hardness and strength. Its natural form corundum has a Mohs hardness of 9 (slightly lower than diamond). It is widely used as an abrasive, including as a cheap substitute for industrial diamonds. Many types of sandpaper use aluminum oxide crystals.
In addition, its low insulation and low specific heat make it widely used in grinding operations, especially cutting tools. As a powdery abrasive mineral, Arroite is, along with silica, the main component of the "chalk" used in billiard balls at the tip of the cue.
Aluminum oxide powder is used in some CD/DVD polishing and scratch repair kits. Its polished quality is also the reason it's used in toothpaste. It is also used in microdermabrasion, either in machine-processed procedures provided by dermatologists and beauticians, or as a manual skin abrasive according to the manufacturer's instructions.
Aluminum oxide flakes are used in coatings to produce a reflective decorative effect, for example in the automotive or cosmetic industries.
Aluminum oxide has been used in a number of experimental and commercial fiber materials for high-performance applications.
What is Spherical Aluminum Oxide Al2O3?
Spherical aluminum oxide is a kind of aluminum oxide powder material which is calcined by high temperature melt injection of irregular high purity aluminum oxide, and then obtained by screening and purification.
The product has high thermal conductivity, high insulation, high hardness, high temperature resistance, corrosion resistance, wear resistance and other properties, and has good fluidity, low oil absorption value, high spheroidization rate, high α phase content, small specific surface area, controllable particle size distribution and other unique and excellent characteristics.
Spherical aluminum oxide is widely used in thermal interface materials, thermal engineering plastics and aluminum base copper clad plate filler.
What are Spherical Aluminum Oxide Al2O3 Properties?
With high sphericity and controllable particle size distribution, silica gel and epoxy can be filled with high density to obtain a mixture with low viscosity and good fluidity.
High thermal conductivity
Because of its spherical appearance, it can achieve multi-directional heat transfer, good dispersion in the system, and high thermal conductivity of thermal conductive products;
Low wear and tear"
Because of its ball-shaped appearance, the wear of mixer, molding machine and other equipment is reduced and the service life of equipment is prolonged.
What is Spherical Aluminum Oxide Al2O3 Used For?
Thermal interface material
Thermal conductive silicone gasket, thermal conductive silicone grease, thermal conductive potting adhesive, thermal conductive double-sided adhesive, phase changing materials, etc.
Thermal engineering plastics
LED lamp shade, switch housing, electronic product housing, heat dissipation components of electrical products (heat sink, filler for heat dissipation substrate, MC substrate), etc.
Thermal conductive aluminum base copper clad plate
High power LED circuit board, power circuit board, etc.
Spherical Aluminum Oxide Al2O3 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 spherical Al2O3 powder price, you can send us your inquiry for a quote. ([email protected])
Spherical Aluminum Oxide Al2O3 Powder Supplier
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If you are looking for high-quality spherical Al2O3 powder, please feel free to contact us and send an inquiry. ([email protected])
According to Reuters, U.S. Treasury officials said they would discuss with G7 leaders pricing caps and tariffs on Russian oil as an alternative to the embargo, which would keep the market supplied, limit price spikes, and reduce Russian revenues.
The EU foreign ministers' meeting was held in Brussels. The meeting failed to agree on the sixth round of sanctions, including an oil embargo on Russia, because of objections from Hungary.
EU High Representative for Foreign Affairs and Security Policy said at a press conference after the meeting, that the meeting failed to reach an agreement on the final adoption of the sixth round of sanctions, the permanent representatives of member states to the EU will continue to discuss. The foreign ministers faced similar difficulties trying to reach an agreement on an oil ban. He said Hungary's position was based on economic rather than political concerns.
Hungary is highly dependent on Russia for energy, getting more than 60 percent of its oil and 85 percent of its natural gas from Russia.
A few days ago, the European Commission submitted the sixth round of proposed sanctions against Russia, including a total ban on Russian oil imports by the end of this year. Hungary immediately objected and said it wanted substantial compensation from the EU to offset its loss from giving up Russian oil.
The spherical Al2O3 powder price is predicted to increase in the next few days, due to geopolitical factors.
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