Otavio (Tavi) Costa: Copper miners near breakout as structural demand rises

Otavio (Tavi) Costa: Copper miners near breakout as structural demand rises
Copper miners seen near major breakout

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that copper miners are on the verge of a significant breakout as copper prices remain at historical levels.

He attributes this compelling market setup to a combination of rising structural demand and highly constrained supply.

Costa previously noted a sharp move in mining stocks, describing this as potentially the most profitable period in modern mining history. He has also highlighted a marked divergence between copper and gold, suggesting that gold may have room to catch up. The portfolio manager remains focused on the interplay between miner performance and commodity prices.

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