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Evaluation of econometric models of secondary refined copper supply

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  • Rivera, Nilza
  • Guzmán, Juan Ignacio
  • Jara, José Joaquín
  • Lagos, Gustavo

Abstract

Copper is essential in attaining a sustainable development path due to its prominent role in the electromobility and renewable energy industries. In 2019 refined copper usage was 23.5 million tons, of which primary copper supplied 86.3%, and the remaining 13.7% was provided by secondary metal. In the future, copper recycling would increase significantly concerning primary copper supply to meet the goal of decreasing greenhouse gases emissions. Secondary copper production reduces energy consumption by 85% and greenhouse gas emissions by 65% compared to average primary sources.

Suggested Citation

  • Rivera, Nilza & Guzmán, Juan Ignacio & Jara, José Joaquín & Lagos, Gustavo, 2021. "Evaluation of econometric models of secondary refined copper supply," Resources Policy, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:jrpoli:v:73:y:2021:i:c:s0301420721001847
    DOI: 10.1016/j.resourpol.2021.102170
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    References listed on IDEAS

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    Cited by:

    1. Nilza Rivera & Juan Ignacio Guzmán, 2024. "Dynamic relationship between refined and scrap copper prices," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(2), pages 381-392, June.
    2. Nilza Rivera & Juan Ignacio Guzmán & Gustavo Lagos, 2023. "A method to estimate the robustness of the secondary refined copper supply function," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(2), pages 255-277, June.
    3. Sourabh, Shalinee & Pavithran, Sagar & Menon, Balagopal G. & Mahanty, Biswajit, 2023. "Econometric modeling for the influence of economic variables on secondary copper production in India," Resources Policy, Elsevier, vol. 86(PB).

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    More about this item

    Keywords

    Secondary copper; Copper; Scrap; Econometric model;
    All these keywords.

    JEL classification:

    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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