The alloy powders of the iron-group metals are of great interest for many industrial applications .Ultrafine Co-Ni powders showed significant promise for future development of hard materials [1,2], magnetic materials [3][4][5], commercial batteries [6], catalysts [7][8][9], catalyzing electroplates [10,11], hydrogen absorbing alloy anodes [12], and magnetoresistive sensors [13,14]. The powders for these applications were made by several different techniques such as mechanical alloying-ball milling [15,16], sonochemical synthesis [17][18][19], chemical reduction [13,14,[20][21][22][23], synthesis in microemulsion [24,25]