# Nickel and Nickel-based batteries

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

Source page: https://www.materialinsights.org/links/nickel-and-nickel-based-batteries/

[Nickel](https://www.materialinsights.org/commodities/nickel/) (commodity) and [Nickel-based batteries](https://www.materialinsights.org/energy/e_nickel_batt/) (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.