caa a22 4500 605538956 CHVBK 20210128100904.0 cr unu---uuuuu 210128e20150601xx s 000 0 eng 10.1007/s11053-014-9244-x doi (NATIONALLICENCE)springer-10.1007/s11053-014-9244-x Determinants of the Price of High-Tech Metals: An Event Study [Elektronische Daten] [Markus Wanner, Tobias Gaugler, Benedikt Gleich, Andreas Rathgeber] The growing demand for high-tech products has resulted in strong growth in demand for certain minor metals. In combination with production concentrated in China, this caused strong and unpredicted price movements in recent years. As a result, manufacturing companies have to cope with additional risks. However, the detailed reasons for the price development are only partially understood. Therefore, we analyzed empirically which determinants can be assigned to price movements and performed an event study on the high-tech metals neodymium, indium, and gallium. Based on our dataset of news items, we were able to find coinciding events to almost 90% of all price jumps (recall). We showed that if any information about these events occurred with a probability of over 50% there would also be a price jump within 10days (precision). However, the classical set of price determinants has to be extended for these specific markets, as we found unorthodox factors like holidays or weather that may be indicators for price movements. Therefore, we hope that our study supports industry for instance in performing more informed short-term planning of metals purchasing based on information about specific events. International Association for Mathematical Geosciences, 2014 Determinants nationallicence Event study nationallicence High-tech metals nationallicence News nationallicence Prices nationallicence Wanner Markus Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut Gaugler Tobias Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut Gleich Benedikt Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut Rathgeber Andreas Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut Natural Resources Research Springer US; http://www.springer-ny.com 24/2(2015-06-01), 139-159 1520-7439 24:2<139 2015 24 11053 https://doi.org/10.1007/s11053-014-9244-x text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11053-014-9244-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Wanner Markus Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut NATIONALLICENCE 700 1- Gaugler Tobias Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut NATIONALLICENCE 700 1- Gleich Benedikt Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut NATIONALLICENCE 700 1- Rathgeber Andreas Institute for Materials Resource Management, University of Augsburg, Augsburg, Germany aut NATIONALLICENCE 773 0- Natural Resources Research Springer US; http://www.springer-ny.com 24/2(2015-06-01), 139-159 1520-7439 24:2<139 2015 24 11053