Otavio (Tavi) Costa: Metals and mining ETF breaks out as copper miners lead gains

Otavio (Tavi) Costa: Metals and mining ETF breaks out as copper miners lead gains
Metals and mining ETF breaks out

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the metals and mining ETF broke out today.

According to Costa, copper miners are leading this breakout, with copper prices now entering a price-discovery phase. He also notes that the ETF features several steel producers.

Costa previously noted that silver miners could see a breakout as selling prices reached well above production costs. He has also highlighted a shift in mining stock fundamentals, with investors seeking companies generating strong cash flows. These observations come as metals miners show renewed momentum.

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