Copper and Iron ore

Their prices have moved together.

Copper (commodity) and Iron ore (commodity): 1 relationship.

How they are linked

1. Price link: common driver

Cost and price · Strong · Both ways

Both metals depend on Chinese construction and infrastructure spending, so property slowdowns hit them together. Monthly changes correlate at 0.41 and yearly at 0.69, a common-driver link rather than an input one.

• 0.41 monthly change correlation
• 0.69 12-month change correlation
• 0.82 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.