kclim: I agree that SEM/EDS is not a certifiable, fully quantitative method for chemical analysis, but it is certainly comfortable to say that a 58/31/11 Co-Cr-Mo measurement is within 2-5 percentage points of the 'correct' composition (i.ei, 55-60Co, 28-35 Cr, 8-15 Mo).
Yes, cobalt is used in some hard magnets - I hadn't thought of that. As for rust inhibitors (we use DBPC, an organic hydrocarbon type material, in our transformer oils) or lubricants for Cr and Mo, I don't think that's the source for this, since the transformer oil is kept rather clean in terms of additives (beyond the DBPC inhibitor).
You are correct in that the electron microscope can pick up carbon qualitatively, but past experience with my instrument shows a very insensitive detection capability. I've tried to analyze graphite nodules in a low alloy steel (another story) and detected only a moderate size peak among significant iron signals in what should have been almost 100% carbon. Given that I was looking at very small particles of this Cr-Co-Mo material, as I stated earlier, I had no confidence that the minimal carbon peak I was getting was not from the filter media used to capture the particles and upon which the particle was resting.
Steve, out