Determination of Copper Price Expectations in the International Market: Some Important Variables

Andre Salles, Raphael Sebastian Magrath and Matheus Manzani Malheiros

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this work is to identify variables that are relevant to the copper price setting in the international market. Thus statistical hypothesis tests and statistical tools that help to identify historical relevance and to measure the intensity of the impact of each variable on the copper price on several time horizons were applied. At the end, a regression model that aims to assess the combined effect of the considered time series was estimated. The global industrial production and the aluminum price showed the greatest evidences of being relevant to the copper price. The results suggest that copper stocks, foreign exchange rates and crude oil price should also be considered.

Keywords: Copper Price; Cointegration; Causality; Impulse Response Function. (search for similar items in EconPapers)
JEL-codes: C1 C4 C5 F4 G1 G17 M21 (search for similar items in EconPapers)
Date: 2019-02-13, Revised 2019-08-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Open Journal of Business and Management No.2.7(2019): pp. 348-373

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95812

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