Critical Raw Materials Index - CRMI

Jean-Baptiste Hasse () and Capucine Nobletz
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Jean-Baptiste Hasse: Aix Marseille Univ, CNRS, AMSE, Marseille, France, https://www.amse-aixmarseille.fr/en/members/hasse
Capucine Nobletz: Banque de France, Institut Louis Bachelier, Paris, France, https://www.banque-france.fr/fr

No 2428, AMSE Working Papers from Aix-Marseille School of Economics, France

Abstract: In this paper, we present a critical raw materials index (CRMI) that represents the price dynamics of the raw materials required for the low-carbon transition. Using a unique market and trade dataset covering 29 critical raw materials from 2012 to 2023, we construct a weekly trade weighted price index following a robust methodological framework. The relevance of our index is demonstrated through a validation process including a plausibility analysis and a comparability analysis. In addition, a sensitivity analysis provides empirical evidence of the robustness of our index to alternative data treatment, weighting factors and weighting schemes. Our framework offers policymakers a useful price benchmark to track the underlying metal market dynamics required by the growing clean energy sectors.

Keywords: Critical Raw Materials Index (CRMI); Energy Transition; Index Construction; Metal prices. (search for similar items in EconPapers)
JEL-codes: C43 Q3 Q4 Q54 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2024-10
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:aim:wpaimx:2428

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