# Electric heating and Nickel

Their prices have moved together.

Source page: https://www.materialinsights.org/links/electric-heating-and-nickel/

[Electric heating](https://www.materialinsights.org/energy/e_electric_heat/) (energy) and [Nickel](https://www.materialinsights.org/commodities/nickel/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: heating elements

*Cost and price · Weak · Both ways*

Resistance elements are usually nickel-chromium alloy wire, and furnace parts use nickel-rich steels. Nickel swings are large but the link is weak, with monthly moves correlating at 0.09, because alloy is a small share of finished equipment.

- **0.09** monthly change correlation
- **0.04** 12-month change correlation
- **-0.05** fitted elasticity

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