[Price Reporting] Stainless Steel : Alnico Alloy, Kovar

1. Reporting Duration: January 27, 2025 – February 2, 2025
2. Introduction to Metals: Alloy Price Analysis including Stainless Steel
3. Summary : The prices of Alnico alloys, including Alnico 1, 2, 3, 4, and 5, have decreased across the board. Alnico 1 dropped by $0.24, Alnico 2 by $0.45, Alnico 3 by $0.12, Alnico 4 by $0.26, and Alnico 5 by $0.74. The price declines are attributed to lower nickel (Ni) and cobalt (Co) prices, with Co experiencing a significant drop due to reduced demand in the battery sector, particularly as the market shifts from nickel-manganese-cobalt (NMC) batteries to lithium-iron-phosphate (LFP) batteries. Similarly, the price of Kovar decreased by $0.61, influenced by falling Co prices, as cobalt’s market demand continues to decline.

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00. [Price Reporting] Stainless Steel – Alnico Alloy, Kovar