RT Journal Article
T1 The impact of uncertainty shocks on energy transition metal prices
A1 Reboredo Nogueira, Juan Carlos
A1 Ugolini, Andrea
K1 Uncertainty
K1 Energy transition metals
K1 Quantile vector autoregression
AB We study whether uncertainty shocks are transmitted to energy transition metal (ETM) prices. Using a quantile vector autoregression model, we assess the impact on ETM price changes of shocks arising from economic policy uncertainty, climate policy uncertainty, geopolitical risk, financial market uncertainty, and oil price uncertainty. We document that the impact of uncertainty is U-shaped across ETM price quantiles, with modest effects in the intermediate quantiles and stronger impacts in the extreme, but mainly upper, quantiles. Climate policy uncertainty and geopolitical risk are the main uncertainty drivers in the extreme quantiles, while financial- and oil-related uncertainties have more pervasive effects in the intermediate quantiles. This evidence has implications for policymakers regarding the implementation cost of transition policies that generate uncertainties, and for investors in ETM futures markets regarding diversification and tail risk management decisions
PB Elsevier
SN 0301-4207
YR 2024
FD 2024-06-10
LK http://hdl.handle.net/10347/34926
UL http://hdl.handle.net/10347/34926
LA eng
NO Resources Policy 95 (2024) 105161
NO This research project was funded by the Agencia Estatal de Investigación (Ministerio de Ciencia e Innovación) under research project with reference PID2021-124336OB-I00 co-funded by the European Regional Development Fund (ERDF/FEDER). Funding is gratefully acknowledged from the Xunta de Galicia through the project “Consolidación e Estructuración 2023 GRC GI-2060 - Análise Económica dos Mercados e Institucións - AEMI (ED431C2023/05)”
DS Minerva
RD 24 abr 2026