# Argon and Energy-intensive industry

Their prices have moved together.

Source page: https://www.materialinsights.org/links/argon-and-energy-intensive-industry/

[Argon](https://www.materialinsights.org/chemicals/argon/) (chemical) and [Energy-intensive industry](https://www.materialinsights.org/energy/e_heavy_industry/) (energy): 1 relationship.

## How they are linked

### 1. Price link: energy cost

*Cost and price · Weak · Both ways*

Air separation needs a lot of electricity. The proxy is US industrial power; monthly moves correlate at minus 0.01 and yearly moves at 0.29, as long supply contracts delay the pass-through of power costs.

- **-0.01** monthly change correlation
- **0.29** 12-month change correlation
- **-0.03** fitted elasticity

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