Title
The role of co-products in stabilizing the metal mining industry
Document Type
Article
Publication Date
12-1985
Abstract
The objective of this paper is to test the hypothesis that cyclical metal mining activity is more stable when multi-metal products are produced. A theoretical short-run supply curve for a metal is developed showing by-product, co-product, and main product behaviour. This curve is used to illustrate co-product pricing trends that are indicative of different cyclical behaviour patterns. The non-parametrical sign test is used to test co-product price trends for the US metal mining industry. The results indicate that multi-metal production stabilizes the mining industry in the short run but not in the long run.
Publication Title
Resources Policy
Recommended Citation
Campbell, G. A.
(1985).
The role of co-products in stabilizing the metal mining industry.
Resources Policy,
11(4), 267-274.
http://doi.org/10.1016/0301-4207(85)90044-3
Retrieved from: https://digitalcommons.mtu.edu/business-fp/313
Publisher's Statement
© 1985 Elsevier Ltd. Publisher’s version of record: http://dx.doi.org/10.1016/0301-4207(85)90044-3