13 June 2014 at 9:35 GMT
Editor's note: Ole's analysis is based on how he sees the match only from a commodity perspective. Remember there are nine other metrics that could determine the outcome of this match. Neither team can be eliminated at this stage as we are in the group phase.
By Ole Hansen
Match: Chile vs Australia
When: June 13, 22:00 GMT
Analysis: When looking at these two great commodity producing nations we can not avoid focusing on Iron ore and copper. Australia is the world's biggest exporter and second biggest producer of iron ore, one of the main raw materials used to make steel and therefore this product is very integral to the global economy. Chile produces almost one-third of the annual global output of copper, another important component in the global economy given its wide use as a conductor of heat and electricity, a building material, and a constituent of various metal alloys.
Prediction: Chile to win. The price on both of these commodities has become increasingly dependent on demand from China and as a result we have seen both commodities come under some pressure during the past few years as China's economic health has been put into question. During the same period, we have seen supply begin to rise following years of massive investment into new capacity especially in response to the rapid price ascent witnessed up until 2011. Both the year-to-date and the weekly return, however, favour copper as the performance chart below shows and on that basis I go for "La Roja" (Chile) to emerge victorious from this particular encounter.
-- Edited by Martin O'Rourke
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