The Influence of Economic Factors on World Copper Production
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F22%3A10250371" target="_blank" >RIV/61989100:27350/22:10250371 - isvavai.cz</a>
Result on the web
<a href="https://www.scopus.com/record/display.uri?eid=2-s2.0-85144361834&origin=resultslist&sort=plf-f&src=s&st1=The+influence+of+Economic+Factors+on+World+Copper+Production&sid=5cc74109a03c4e0fdbaffe474410c75b&sot=b&sdt=b&sl=75&s=TITLE-ABS-KEY%28The+influence+of+Economic+Factors+on+World+Copper+Production%29&relpos=0&citeCnt=0&searchTerm=" target="_blank" >https://www.scopus.com/record/display.uri?eid=2-s2.0-85144361834&origin=resultslist&sort=plf-f&src=s&st1=The+influence+of+Economic+Factors+on+World+Copper+Production&sid=5cc74109a03c4e0fdbaffe474410c75b&sot=b&sdt=b&sl=75&s=TITLE-ABS-KEY%28The+influence+of+Economic+Factors+on+World+Copper+Production%29&relpos=0&citeCnt=0&searchTerm=</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.29227/10.29227/IM-2022-01-06" target="_blank" >10.29227/10.29227/IM-2022-01-06</a>
Alternative languages
Result language
angličtina
Original language name
The Influence of Economic Factors on World Copper Production
Original language description
Copper is a very important mineral that has a wide application in industry, especially in the electrical industry and energy industry. With the increase in electromobility, its potential will grow in the future. Any shortage of copper on the world market could thus endanger modern industry. Therefore, the authors decided to deal with the influence of economic factors (price, population, GDP and cumulative inflation) on copper production and with creation of suitable econometric models that best expressing the relationship between production and economic factors for the period 2010-2019 in their article. The influence of economic factors on world copper production is examined using the Pearson correlation coefficient. It was found that copper production is inversely proportional to the price of copper, it is a strong dependence. In contrast, the correlation between copper production and other factors is very strong and positive. Using econometric modeling, it was discovered that exponential regression is the best expression for the relationship between copper production and its price and logarithmic regression most appropriate for the relationship between copper production and all other economic factors.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
20703 - Mining and mineral processing
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Inżynieria Mineralna
ISSN
1640-4920
e-ISSN
1640-4920
Volume of the periodical
49
Issue of the periodical within the volume
1
Country of publishing house
PL - POLAND
Number of pages
6
Pages from-to
51-56
UT code for WoS article
000875645800006
EID of the result in the Scopus database
2-s2.0-85144361834