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Copper and Soft Commodities
Lucas: We have a high correlation between shipping rates and, or I must say, between container shipping rates and the price of soft commodities. If we see weakness and container rates, this would for me also indicate that we do for reversal in soft commodity prices. Lucas is bearish on copper because of mainly two factors. The first one is that I believe in the slowing economic momentum. And if we can actually meet the current demand to build the economy and the world of the future, which we just doubt as well.