Monel’s corrosion resistance makes it ideal in applications such as piping systems, pump shafts, seawater valves, trolling wire, and strainer baskets. Some alloys are completely non-magnetic and are used for anchor cable aboard minesweepers, housings for magnetic-field measurement equipment. In recreational boating, Monel wire is used to seize shackles for anchor rodes, Monel is used for water and fuel tanks, and for under water applications. It is also used for propeller shafts.

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http://www.tigermetals.com/products/monel-400