Cycles of production and consumption and stock market inventories of copper
2013
Stojković, Zoran (Faculty of Management, Zaječar (Serbia)) | Pantović, Radoje (Mining and Metallurgy Institute, Bor (Serbia)) | Despotović, Vladimir (Mining and Metallurgy Institute, Bor (Serbia))
In a globalized world, the precursor of the globalization of world metal market trends are based on long-term and medium-term management of mineral resources exploitation. This paper presents the trends of world production and consumption of copper, and the overall stock market and stock prices, average annual values for the period from the year 1960 to 2012. Determined by interpolation of analytic functions and the price of stocks and their charts allow the identification of long-term, medium-term and short-term cycles of movement, their interdependence and possible simulations for predicting future movements at certain intervals. In this paper, beside mathematical methods, there are methods of description and analysis-synthesis model which provides a framework identifying the main cycle of global tendencies in the international copper market - the foundation for sustainable management
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