# Nickel and Sulphuric acid

Their prices have moved together.

Source page: https://www.materialinsights.org/links/nickel-and-sulphuric-acid/

[Nickel](https://www.materialinsights.org/commodities/nickel/) (commodity) and [Sulphuric acid](https://www.materialinsights.org/chemicals/sulphuric_acid/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: leaching input

*Cost and price · Weak · Both ways*

High-pressure acid leaching, the process behind Indonesia's battery nickel, dissolves laterite ore in sulphuric acid, making acid a key cost. The US acid index does not reflect Indonesian costs, so monthly correlation is near zero (-0.05).

- **-0.05** monthly change correlation
- **0.13** 12-month change correlation
- **0.62** fitted elasticity

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