# Copper and Lead

Their prices have moved together.

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

[Copper](https://www.materialinsights.org/commodities/copper/) (commodity) and [Lead](https://www.materialinsights.org/commodities/lead/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: common driver

*Cost and price · Strong · Both ways*

Lead shares exchanges, buyers and the global industrial cycle with copper. Monthly changes correlate at 0.60 and yearly at 0.68, more than lead's direct battery link, showing how much of base metal pricing comes from broad macro flows.

- **0.60** monthly change correlation
- **0.68** 12-month change correlation
- **0.32** fitted elasticity

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