Positive electrode material for alkaline storage battery and method of producing the same

The present invention provides a positive electrode material for alkaline storage batteries which has high energy density and causes little capacity reduction even when a charge/discharge cycle is repeated at high temperatures. The positive electrode material for alkaline storage batteries of the present invention comprises nickel hydroxide particles and a layers of cobalt oxide coating the nickel hydroxide particles. A valence of cobalt of the cobalt oxide is larger than 3.0, and the cobalt oxide contains sodium ions or potassium ions inside the crystal and further fixes lithium hydroxide or lithium ions.