Partial-Equilibrium Model for Long-Term Price and Supply in World Metal Markets

摘要

This paper describes a model to estimate long-term world prices of metals that could be in short supply in the future. A time-stepped simulation model solves for market equilibrium prices and interregional flows in successive time periods using a quadratic programming algorithm. Preliminary results are presented on the application of the model to estimate price impacts of nickel requirements by nickel-zinc electric vehicle batteries. 5 figures, 3 tables. (ERA citation 08:020781)