# Copper and Wool

Their prices have moved together.

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

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

## How they are linked

### 1. Price link: common driver

*Cost and price · Strong · Both ways*

Wool has no direct link to copper, but both depend on Chinese demand and the Australian dollar. Monthly moves correlate at 0.41, yearly moves at 0.72 and the last five years at 0.55, a common economic driver.

- **0.41** monthly change correlation
- **0.72** 12-month change correlation
- **0.34** fitted elasticity

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