Why is Tungsten Carbide the Preferred Material for Mining Tools?
The short answer is its unparalleled combination of hardness and toughness.
Mining tools face the most abrasive conditions on earth, constantly grinding against rock, sand, and sediment. Tungsten Carbide (chemical formula WC) is a ceramic-metallic composite (a "cermet") made by combining tungsten carbide particles with a cobalt or nickel binder. This gives it a unique set of properties:
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Extreme Hardness: It is nearly three times stiffer than steel and sits just below diamond on the hardness scale. This allows it to resist abrasion and wear incredibly effectively, maintaining a sharp cutting edge far longer than steel ever could. 
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High Compressive Strength: It can withstand immense pressure without deforming, which is critical for drilling and crushing rock. 
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Good Impact Resistance: The metallic binder provides a degree of toughness that pure ceramics lack, allowing it to absorb the shocks and impacts of mining operations without shattering. 
This combination means tools last longer, require less frequent replacement, and dramatically reduce downtime—a major cost saver in the mining industry.
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