Research topic
Critical metals and the energy transition
The green transition makes lithium, cobalt, copper and nickel strategic commodities. We study how their markets connect to energy markets, how far they have become financialized and whether their prices show speculative bubbles.
Main questions
How strongly are lithium and oil prices linked, and do volatility shocks spill over between them? Have critical metals become financialized assets? Can we detect and anticipate speculative bubbles in metal prices? How dependent is the green transition on fossil fuels?
Methods
Bubble-detection tests (GSADF, LPPLS), dynamic correlations and correlation networks, volatility spillover models and machine-learning classifiers with explainability tools.
Publications (2)
Tracing financialisation in critical metal markets: Correlations, bubbles, and dynamic linkages
Będowska-Sójka, B., Kasperek, M. (2026). Investment Analysts Journal, 1–22.
The lithium and oil markets – dependencies and volatility spillovers
Będowska-Sójka, B., Górka, J. (2022). Resources Policy, 78, 102901.
Conference talks (5)
The Fossil-Fuel Dependency of the Green Transition
EcoMod 2026 – International Conference on Economic Modeling and Data Science, Luxembourg, July 2026
How to Detect Bubbles in Metals Prices?
IX Wrocław Conference in Finance (WROFIN), Wrocław, Poland, May 2026
Banking on the Green Transition: The Financialization of Tomorrow's Essential Metals
34th Annual Conference of the Southern Africa Finance Association (SAFA), Cape Town, South Africa, January 2026
Banking on the Green Transition: The Financialization of Tomorrow's Essential Metals
2nd Modern Finance Conference (MFC 2025), Warsaw, Poland, September 2025
Dynamic Dependence and Volatility Spillovers on the Lithium and Oil Markets
Future Finance Conference, Naples, Italy, June 2022