# Aluminium and Refining and reforming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/aluminium-and-refining-and-reforming/

[Aluminium](https://www.materialinsights.org/commodities/aluminum/) (commodity) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy): 1 relationship.

## How they are linked

### 1. Price link: anode material

*Cost and price · Strong · Both ways*

Smelter anodes are made from calcined petroleum coke and pitch, by-products of oil refining, so refinery output affects anode costs. Against the refinery index monthly moves correlate at 0.44 and yearly at 0.72, largely reflecting the shared energy cycle.

- **0.44** monthly change correlation
- **0.72** 12-month change correlation
- **0.43** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.