Nickel and Thermal coal

Their prices have moved together.

Nickel (commodity) and Thermal coal (energy): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Moderate · Both ways

Indonesian nickel pig iron and matte plants run on captive coal-fired power, so coal sets much of their cost and so the floor price for nickel. Monthly moves correlate at 0.26 and yearly at 0.37, a real but partial cost link.

• 0.26 monthly change correlation
• 0.36 12-month change correlation
• 0.24 fitted elasticity

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