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Monel is a group of nickel alloys, primarily composed of nickel (up to 67%) and copper, with small amounts of iron, manganese, carbon, and silicon. Stronger than pure nickel, Monel alloys are resistant to corrosion by many agents, including rapidly flowing seawater. They can be fabricated readily by hot- and cold-working, machining, and welding.It is a very expensive alloy, with cost ranging from 5 to 10 times the cost of copper and nickel, hence its use is limited to those applications where it cannot be replaced with cheaper alternatives.They are often referred to as "monel collars" as that was the first material used to make the collars and the name stuck.