Lewis Hart
Head of Corporate Advisory and Banking, Brown Brothers Harriman (BBH)
“Copper is as important [as power for AI]. And you see copper prices at record highs largely because of how much copper data centers are consuming because of all the electrical capacity that needs to be in that infrastructure.”
“Memory chips and compute are extremely volatile right now. We've been thinking a lot about whether that's a good candidate for a futures contract... I actually think it's a great candidate for the futures market. Whether it takes off, I'm not sure, but I know some of the exchanges are spending a lot of time on this.”
“There is a lot of capital stuck in the strait — something like fifteen hundred commercial vessels. That's tens of billions of dollars, maybe more than one hundred billion. And when all that gets trapped and you potentially have margin calls related to hedges on those inventories, that can really strain your liquidity.”
Lewis Hart
Head of Corporate Advisory and Banking at Brown Brothers Harriman (BBH); commodity finance practitioner specializing in trade finance for physical commodity merchants (energy, metals, agriculture).
Said
- lewis-hart in 2026-06-01-podcast-odd-lots-the-hidden-plumbing-of-commodity-finance: "Copper is as important [as power for AI]. And you see copper prices at record highs largely because of how much copper data centers are consuming because of all the electrical capacity that needs to be in that infrastructure." → copper-supercycle-ai-data-centers
- lewis-hart in 2026-06-01-podcast-odd-lots-the-hidden-plumbing-of-commodity-finance: "Memory chips and compute are extremely volatile right now. We've been thinking a lot about whether that's a good candidate for a futures contract... I actually think it's a great candidate for the futures market. Whether it takes off, I'm not sure, but I know some of the exchanges are spending a lot of time on this." → compute-chip-futures-market
- lewis-hart in 2026-06-01-podcast-odd-lots-the-hidden-plumbing-of-commodity-finance: "There is a lot of capital stuck in the strait — something like fifteen hundred commercial vessels. That's tens of billions of dollars, maybe more than one hundred billion. And when all that gets trapped and you potentially have margin calls related to hedges on those inventories, that can really strain your liquidity."