Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)

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Analysis of the Causality Relationship between World-Tin Prices, Tin Stock Prices, Tin Ore Production, and Exchange Rates in Indonesia

Authors
Rahayu Zakiah1, Muhammad Faisal Akbar1, *, Eka Fitriyanti1
1Faculty of Economics and Business, Universitas Bangka Belitung, Bangka, Bangka Belitung Province, 33172, Indonesia
*Corresponding author. Email: faisal-akbar@ubb.ac.id.com
Corresponding Author
Muhammad Faisal Akbar
Available Online 23 December 2024.
DOI
10.2991/978-94-6463-614-7_27How to use a DOI?
Keywords
World Tin Price; Tin Stock Price; Tin Ore Production; Exchange Rate
Abstract

Indonesia has abundant natural resources. Tin is widely used in the world as weapons, fire-resistant clothing, electronics, and aviation components are some of the main items made from tin. World demand for tin is estimated to reach 360,000 tons per year and continues to increase along with advances in industrial technology and human lifestyle. World tin prices are influenced by a number of variables, including changes in tin stock prices, tin production, fluctuations in international currency exchange rates, as well as supply and demand dynamics. This research aims to analyze the relationship between World Tin Prices, Tin Stock Prices, and Exchange Rates in Indonesia. This type of research is a type of quantitative research. The data source in this research uses secondary data obtained from the London Metal Exchange (LME), Indonesia Stock Exchange (IDX), World Bureau of Metal Statistics (WBMS), and Ministry of Trade Statistics. The data used are data on World Tin Prices, Tin Stock Prices, Tin Ore Production, and exchange rates in the form of monthly time series for the period January 2018 to December 2023. The results of the research show that there is a one-way relationship between tin production and the exchange rate. In the long-term relationship between world tin prices, tin stock prices, tin production and exchange rates, there is cointegration or balance.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
23 December 2024
ISBN
978-94-6463-614-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-614-7_27How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rahayu Zakiah
AU  - Muhammad Faisal Akbar
AU  - Eka Fitriyanti
PY  - 2024
DA  - 2024/12/23
TI  - Analysis of the Causality Relationship between World-Tin Prices, Tin Stock Prices, Tin Ore Production, and Exchange Rates in Indonesia
BT  - Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024)
PB  - Atlantis Press
SP  - 208
EP  - 215
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-614-7_27
DO  - 10.2991/978-94-6463-614-7_27
ID  - Zakiah2024
ER  -