# Nickel-based batteries and Potash

Their prices have moved together.

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

[Nickel-based batteries](https://www.materialinsights.org/energy/e_nickel_batt/) (energy) and [Potash](https://www.materialinsights.org/commodities/potash/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: electrolyte

*Cost and price · Weak · Both ways*

Both chemistries use potassium hydroxide electrolyte, made by electrolysis of potassium chloride from potash. Electrolyte is a small cost, so the potash price shows almost no link to the battery proxy, with monthly moves at 0.07.

- **0.07** monthly change correlation
- **0.28** 12-month change correlation
- **0.14** fitted elasticity

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