Relationship between copper price and selected metals prices

摘要

This paper focuses on the factors that influence the changes in copper prices. A brief review of the literature showed several areas of interests of researchers, such as global economic situation and development of Asian countries. This paper draws attention to concurrent price trends, some pairs of raw materials (e.g. copper - aluminum, copper - silver, even copper - palladium). This paper uses multiple regression model containing monthly data spanning from January 2012 to June 2015, which consist of 42 observations for metals: copper, zinc, aluminum, silver, gold, platinum and palladium. And it shows a strong relationship between the prices of copper and other metals.