Energy-intensive industry and Zinc

Their prices have moved together.

Energy-intensive industry (energy) and Zinc (commodity): 1 relationship.

How they are linked

1. Price link: electricity cost

Cost and price · Weak · Both ways

Zinc is refined by electrolysis, which uses a lot of power, and European smelters cut output when electricity soared in 2022. The proxy is a US industrial power index, so monthly moves correlate at -0.09, reflecting fixed contracts and regional power markets.

• -0.09 monthly change correlation
• 0.08 12-month change correlation
• 0.57 fitted elasticity

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