# Energy-intensive industry and Zinc

Their prices have moved together.

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

[Energy-intensive industry](https://www.materialinsights.org/energy/e_heavy_industry/) (energy) and [Zinc](https://www.materialinsights.org/commodities/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.