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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.
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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.