JOINT ALUMINUM-COPPER FORECASTING AND SIMULATION MODEL

This study, prepared for the U.S. Bureau of Mines, is directed toward developing a world-wide econometric model of aluminum and copper which describes the interaction between the two markets. The model specification is dynamic and based on both economic theory and on our understanding of the operation of the copper and aluminum markets. Demand for each metal is disaggregated regionally and, within the United States, on a consuming industry basis. The regional demand for each metal is specified for total U.S., Europe, Japan and Total-Free-World. Rest-of-Free-World is generated algebraically from these totals. Primary ingot prices for aluminum and copper depend on production costs, a key feature of the model, and current market conditions as reflected in capacity utilization rates.

  • Supplemental Notes:
    • Proc Counc Econ, 106th AIME Annual Meeting, Atlanta, Georgia, March 6-10, 1977 and Compr Subj and Author Indices to 1974-1977 Proc.
  • Corporate Authors:

    American Institute of Mining, Mettalurgy & Petroleum Engineers

    345 East 47th Street
    New York, NY  USA  10017
  • Authors:
    • Pikard, W C
    • Krumm, R J
  • Publication Date: 1977

Media Info

  • Features: References;
  • Pagination: p. 77-87

Subject/Index Terms

Filing Info

  • Accession Number: 00178145
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Report/Paper Numbers: Proceeding
  • Files: TRIS
  • Created Date: Jul 19 1978 12:00AM