 The only constant is change: Evidence on the declining role of fossil fuels and the rise of strategic metals in energy transitionSavaş Tarkun Resources Policy, 2025, vol. 107, issue C Abstract: This study explores the shifting informational dynamics between fossil fuels and strategic metals in the context of global energy transition. Using a dual-frequency framework—frequency-domain Granger causality and time-frequency connectedness—we analyze daily data from 2018 to 2025, covering Brent crude oil, coal, and key strategic metals such as copper, lithium, and nickel. Our findings reveal a structural transformation: fossil fuels have become increasingly reactive, while strategic metals act as forward-looking market leaders. These metals not only represent essential inputs for green technologies but also function as systemic financial signals across time horizons. The results highlight a reconfiguration of energy-related influence networks, underscoring the growing role of resource-critical markets in shaping expectations, volatility, and long-term planning. This study contributes to a more integrated understanding of how material flows and financial signals intersect in the green transition, offering novel insights for energy policy, market design, and sustainable investment strategies. Keywords: Strategic metals; Fossil fuels; Green transformation; Frequency connectedness; Information spillovers (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:107:y:2025:i:c:s0301420725002077 DOI: 10.1016/j.resourpol.2025.105665 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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