# Iron ore and Kaolin & clays

Their prices have moved together.

Source page: https://www.materialinsights.org/links/iron-ore-and-kaolin-and-clays/

[Iron ore](https://www.materialinsights.org/commodities/iron_ore/) (commodity) and [Kaolin & clays](https://www.materialinsights.org/commodities/clays/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: main use

*Cost and price · Weak · Both ways*

Bentonite binds fine iron ore concentrate into pellets for blast furnaces and direct reduction. The index link is small, monthly moves at 0.10 and yearly moves at -0.20, because bentonite is sold on contracts while iron ore swings with Chinese steel demand.

- **0.10** monthly change correlation
- **-0.20** 12-month change correlation
- **0.00** fitted elasticity

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