Mariana Chambino -Polytechnic Institute of Setúbal, (ESCE/IPS), 2910-761 Setúbal, Portugal
Rui Dias -Polytechnic Institute of Setúbal, (ESCE/IPS), 2910-761 Setúbal, Portugal
Paulo Alexandre – Polytechnic Institute of Setúbal, (ESCE/IPS), 2910-761 Setúbal, Portugal
Rosa Galvão – Polytechnic Institute of Setúbal, (ESCE/IPS), 2910-761 Setúbal, Portugal
Keywords:
Events of 2020 and 2022;
Energy metals;
Persistence;
Arbitrage
Abstract: The drive for sustainability and carbon emissions reduction is fueling the demand for clean energy solutions, with energy metals playing a crucial role in this transition. The environmental and ethical implications of mining and supplying these materials impact market dynamics, influenced by environmental regulations and consumer preferences for sustainable sources. This article aims to analyze the persistence of commodities, including gold (XAU), silver (XAG), platinum (XPT), aluminum (MAL3), nickel futures (NICKELc1), and copper futures (HGU3), from July 13, 2018, to July 11, 2023. The study divides the sample into four sub-periods: tranquil, COVID-19 pandemic, pre-conflict, and conflict (Russian invasion of Ukraine). Results indicate varying behaviors, with some commodities showing anti-persistence, suggesting distinct patterns, while others exhibit efficiency or random walk behavior. Understanding these patterns and market efficiency is valuable for informed investment strategies and risk management amid evolving global economic conditions.
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LIMEN Conference
9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – SELECTED PAPERS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023
LIMEN Selected papers published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia
LIMEN Conference 2023 Selected papers: ISBN 978-86-80194-79-0, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.S.P.2023
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Chambino, M., Dias, R., Alexandre, P., & Galvão, R. (2023). Eco-Metals Unveiled: A Deep Dive into Commodity Resilience. In V. Bevanda (Ed.), International Scientific-Business Conference – LIMEN 2023: Vol 9. Selected papers (pp. 141-149). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/LIMEN.S.P.2023.141
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