Material Insights · Understanding the Material World

Nickel and Sulfur

Their prices have moved together.

Nickel (commodity) and Sulfur (commodity): 1 relationship.

How they are linked

1. Price link: leaching demand

Cost and price · Weak · Both ways

Indonesian high-pressure acid leach plants use large volumes of sulphuric acid to extract nickel for batteries, making them a fast-growing sulphur buyer. That is too recent and too far from the US acid index to show: monthly moves correlate at -0.05.

  • -0.05 monthly change correlation
  • 0.13 12-month change correlation
  • 0.31 fitted elasticity

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