# Copper and Iron ore

Their prices have moved together.

Source page: https://www.materialinsights.org/links/copper-and-iron-ore/

[Copper](https://www.materialinsights.org/commodities/copper/) (commodity) and [Iron ore](https://www.materialinsights.org/commodities/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.