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- W1926313295 abstract "This study investigates how markets for different levels of copper purity are interrelated by testing the long-run price linkage and causalities among the copper futures, primary, copper scrap, and brass scrap markets. It is expected that copper markets that deal with high purity levels, such as the futures, primary, and copper scrap markets, have a long-run relationship. However, brass scrap markets where copper with a lower purity is traded may not have a price linkage with other copper markets. The results reveal that a long-run relationship holds between the futures, primary, and copper scrap markets but the brass scrap market does not have a long-run relationship with the other markets. From the short-run and long-run causality tests, we determine that the futures market plays an important role in transmitting price information to other copper markets while such information flow is not found for the brass scrap market." @default.
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- W1926313295 date "2011-11-01" @default.
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- W1926313295 title "Price linkages in the copper futures, primary, and scrap markets" @default.
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- W1926313295 doi "https://doi.org/10.1016/j.resconrec.2011.08.010" @default.
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