Combustion road vehicles and Nickel-based batteries

Their prices have moved together.

Combustion road vehicles (energy) and Nickel-based batteries (energy): 1 relationship.

How they are linked

1. Price link: main customer

Cost and price · Weak · Both ways

Hybrid cars have long used nickel-metal hydride packs. Demand depends on hybrid sales and on how fast makers switch those models to lithium, which matters more to this market than metal prices.

• 0.06 monthly change correlation
• 0.04 12-month change correlation
• 1.95 fitted elasticity

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