# Gas turbines and combined cycle and Nickel

Gas turbines and combined cycle needs nickel; their prices have moved together.

Source page: https://www.materialinsights.org/links/gas-turbines-and-combined-cycle-and-nickel/

[Gas turbines and combined cycle](https://www.materialinsights.org/energy/e_gas_turbines/) (energy) and [Nickel](https://www.materialinsights.org/commodities/nickel/) (commodity): 2 relationships.

## How they are linked

### 1. Material need

*Physical flow · Direct · Nickel → Gas turbines and combined cycle*

Building or running Gas turbines and combined cycle needs nickel.

### 2. Price link: alloy input

*Cost and price · Moderate · Both ways*

The hottest blades and vanes are made from nickel superalloys. Nickel's swings are far larger than the index, which correlates at 0.01 monthly, since metal is a small part of a turbine's price compared with engineering, machining and the makers' pricing power.

- **0.01** monthly change correlation
- **-0.41** 12-month change correlation
- **-0.17** fitted elasticity

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