2
Table 12.7 Determinants of U.S. Domestic Price of Copper, 1951-1980 YEAR = Year C = Twelve-Month AverageU.S. Domestic Price of Copper, Cents Per Pound G = Annual Gross National Product, Billions of $ I = Twelve-Month AverageIndex of Industrial Production L = Twelve-Month AverageLondonMetal Exchange Price of Copper, Pounds Sterling H = Number of Housing Starts perYear, Thousands ofUnits A = Twelve-Month AveragePrice of Aluminum, Cents Per Pound YEAR C G I L H A 1951 21.89 330.2 45.1 220.4 1491 19 1952 22.29 347.2 50.9 259.5 1504 19.41 1953 19.63 366.1 53.3 256.3 1438 20.93 1954 22.85 366.3 53.6 249.3 1551 21.78 1955 33.77 399.3 54.6 352.3 1646 23.68 1956 39.18 420.7 61.1 329.1 1349 26.01 1957 30.58 442 61.9 219.6 1224 27.52 1958 26.3 447 57.9 234.8 1382 26.89 1959 30.7 483 64.8 237.4 1553.7 26.85 1960 32.1 506 66.2 245.8 1296.1 27.23 1961 30 523.3 66.7 229.2 1365 25.46 1962 30.8 563.8 72.2 233.9 1492.5 23.88 1963 30.8 594.7 76.5 234.2 1634.9 22.62 1964 32.6 635.7 81.7 347 1561 23.72 1965 35.4 688.1 89.8 468.1 1509.7 24.5 1966 36.6 753 97.8 555 1195.8 24.5 1967 38.6 796.3 100 418 1321.9 24.98 1968 42.2 868.5 106.3 525.2 1545.4 25.58 1969 47.9 935.5 111.1 620.7 1499.5 27.18 1970 58.2 982.4 107.8 588.6 1469 28.72 1971 52 1063.4 109.6 444.4 2084.5 29 1972 51.2 1171.1 119.7 427.8 2378.5 26.67 1973 59.5 1306.6 129.8 727.1 2057.5 25.33 1974 77.3 1412.9 129.3 877.6 1352.5 34.06 1975 64.2 1528.8 117.8 556.6 1171.4 39.79 1976 69.6 1700.1 129.8 780.6 1547.6 44.49 1977 66.8 1887.2 137.1 750.7 1989.8 51.23 1978 66.5 2127.6 145.2 709.8 2023.3 54.42 1979 98.3 2628.8 152.5 935.7 1749.2 61.01 1980 101.4 2633.1 147.1 940.9 1298.5 70.87

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Table 12_7Table 12.7Determinants of U.S. Domestic Price of Copper, 1951-1980YEAR = YearC = Twelve-Month AverageU.S. Domestic Price of Copper, Cents Per PoundG = Annual Gross National Product, Billions of $I = Twelve-Month AverageIndex of Industrial ProductionL = Twelve-Month AverageLondonMetal Exchange Price of Copper, Pounds SterlingH = Number of Housing Starts perYear, Thousands ofUnitsA = Twelve-Month AveragePrice of Aluminum, Cents Per PoundYEARCGILHA195121.89330.245.1220.4149119195222.29347.250.9259.5150419.41195319.63366.153.3256.3143820.93195422.85366.353.6249.3155121.78195533.77399.354.6352.3164623.68195639.18420.761.1329.1134926.01195730.5844261.9219.6122427.52195826.344757.9234.8138226.89195930.748364.8237.41553.726.85196032.150666.2245.81296.127.23196130523.366.7229.2136525.46196230.8563.872.2233.91492.523.88196330.8594.776.5234.21634.922.62196432.6635.781.7347156123.72196535.4688.189.8468.11509.724.5196636.675397.85551195.824.5196738.6796.31004181321.924.98196842.2868.5106.3525.21545.425.58196947.9935.5111.1620.71499.527.18197058.2982.4107.8588.6146928.721971521063.4109.6444.42084.529197251.21171.1119.7427.82378.526.67197359.51306.6129.8727.12057.525.33197477.31412.9129.3877.61352.534.06197564.21528.8117.8556.61171.439.79197669.61700.1129.8780.61547.644.49197766.81887.2137.1750.71989.851.23197866.52127.6145.2709.82023.354.42197998.32628.8152.5935.71749.261.011980101.42633.1147.1940.91298.570.87


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