Copper and Offshore wind

Offshore wind needs copper; their prices have moved together.

Copper (commodity) and Offshore wind (energy): 2 relationships.

How they are linked

1. Material need

Physical flow · Direct · Copper → Offshore wind

Building or running Offshore wind needs copper.

2. Price link: cable input

Cost and price · Weak · Both ways

Array and export cables carry power ashore and use a lot of copper, along with aluminium. The turbine proxy shows no monthly link with copper (-0.04), since cable costs are not in the turbine index.

• -0.04 monthly change correlation
• -0.09 12-month change correlation
• 0.27 fitted elasticity

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