Iron oxide Fe3O4 is a commonly used magnetic material

Russia's insistence on paying for Russian gas in rubles has rattled European countries: Greece held an emergency meeting of suppliers, the Dutch government would urge consumers to use less gas, and the French energy regulator told consumers not to panic. Russian gas meets one-third of Europe's annual energy needs.

Russia said they could expand their demand for ruble payments for other commodities, including oil, grain, fertilizer, coal, and metals, which raised the risk of recession in Europe and the US. 

Moscow is expected to unveil its ruble payment plan in early April, but it said it would not immediately ask buyers to pay for gas in rubles.  

Western countries have said paying in rubles would be a breach of contract, and renegotiation could take months or longer. This uncertainty has pushed commodity market prices higher.

The supply and prices of other commodities like the Iron Oxide Fe3O4 could also be affected.

Iron oxide Fe3O4 overview

Iron oxide Fe3O4  is an inorganic substance with the chemical formula Fe3O4. It is a magnetic black crystal, so it is also called magnetic iron oxide. It cannot be regarded as "ferrous metaferrite" [Fe(FeO2)2], nor can it be regarded as a mixture of ferrous oxide (FeO) and iron oxide (Fe2O3), but it can be approximately regarded as ferrous oxide. A compound composed of iron and iron oxide (FeO·Fe2O3). This substance is insoluble in water, alkaline solution and organic solvents such as ethanol and ether. Natural ferric oxide is insoluble in acid solution, and is easily oxidized to iron oxide (Fe2O3) in the air in a humid state. Usually used as a pigment and polishing agent, it can also be used in the manufacture of audio tapes and telecommunications equipment.

Application of iron oxide Fe3O4

Iron oxide Fe3O4 is a commonly used magnetic material.

Specially made pure ferric oxide is used as raw material for recording tapes and telecommunication equipment.

Natural magnetite is the raw material for iron making.

Used for primers and topcoats.

Ferric oxide is the main raw material for the production of iron catalyst (a catalyst).

It is very hard and can be used as abrasive. It has been widely used in the field of automobile braking, such as: brake pads, brake shoes, etc.

Ferric oxide has been recognized in the field of domestic welding materials, and the production of welding electrodes and wires is still in its infancy, and the market prospect is very broad.

Due to its large specific gravity and strong magnetic properties, ferric oxide has shown good performance in sewage treatment.

Ferric oxide can also be used as pigment and polishing agent.

We can also use certain chemical reactions, such as the use of sodium nitrite, etc., to form a dense layer of iron tetroxide on the surface of steel to prevent or slow down the corrosion of steel, such as the bluing of firearms, saw blades, etc. blackened. Commonly known as "baked blue".

Making special electrodes

In the contemporary electrified and information society, magnetic materials are widely used. As a multifunctional magnetic material, ferroferric oxide magnetic material has been widely used in tumor treatment, microwave absorption material, catalyst carrier, cell separation, magnetic recording material, magnetic fluid, medicine and other fields. There are development prospects.

Iron oxide Fe3O4 price

The price of iron oxide Fe3O4 powder will change randomly with the production cost, transportation cost, international situation and the market supply and demand of iron oxide Fe3O4 powder. Tanki New Materials Co.,Ltd aims to help various industries and chemical wholesalers find high-quality, low-cost nanomaterials and chemicals by providing a full range of customized services. If you are looking for iron oxide Fe3O4 powder, please feel free to send an inquiry to get the latest price of iron oxide Fe3O4 powder

Iron oxide Fe3O4 supplier

As a global supplier of iron oxide Fe3O4, Tanki New Materials Ltd. has extensive experience in the performance, application and cost-effective manufacturing of advanced and engineered materials. The company has successfully developed a series of powder materials (including boron carbide, aluminum carbide, titanium carbide, etc.), high-purity target materials, functional ceramics and structural devices, and provides OEM services.

Since February, gold has enjoyed a smooth upward run on the back of surging US inflation and the brewing of war. While expectations of rate rises have also risen in tandem over this period, gold had been largely pre-priced and the underlying driver of tightening expectations had come from inflation continuing to rise to record highs. The risk aversion caused by the continued tension in the war also provided an important short-term support for gold. This will have a certain impact on the price of the Iron Oxide Fe3O4 and the market of the Iron Oxide Fe3O4. 

Inquiry us