Nickel and Nickel-based batteries

Nickel-based batteries needs nickel; their prices have moved together.

Nickel (commodity) and Nickel-based batteries (energy): 2 relationships.

How they are linked

1. Material need

Physical flow · Direct · Nickel → Nickel-based batteries

Building or running Nickel-based batteries needs nickel.

2. Price link: electrode metal

Cost and price · Weak · Both ways

Nickel hydroxide forms the positive electrode in both chemistries. The battery proxy is a broad US index that includes lithium cells, so it shows no link to nickel, with monthly moves at -0.02 and yearly moves at 0.23.

• -0.02 monthly change correlation
• 0.23 12-month change correlation
• -0.09 fitted elasticity

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