Assessing cycles of mine production and prices of industrial metals

Viviana Fernandez

Resources Policy, 2019, vol. 63, issue C, -

Abstract: Based on monthly frequency data for the period of January 1995–December 2017, this article characterizes mine production and price cycles of six industrial metals—bauxite, copper, lead, nickel, tin, and zinc. The empirical findings show that the percentage changes of real prices during expansions and contractions considerably exceeded those of world mine production of the different metals. The evidence also suggests low concordance between mine production and real price cycles. In some instances, production responded to real price booms with a 3- or 2-year lag. It is conjectured that investment timing and exploration trends may be driving forces behind these empirical findings.

Keywords: Concordance; Implied price elasticity of supply; Investment; Exploration (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420718306688
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:63:y:2019:i:c:50

DOI: 10.1016/j.resourpol.2019.101405

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().