Otavio (Tavi) Costa(@TaviCosta):The largest copper miners are expected to report their lowest annual production in nearly 15 years. A 16% decline from 2024. Metals already face supply constraints relative to demand, and the outlook for future supply looks even more concerning. Recent weakness in the mining industry hides the real opportunity.

Otavio (Tavi) Costa

@TaviCosta

Founder & CEO of Azuria Capital LLC. Macro thinker, history student, value-oriented investor. Native of Sao Paulo, Brazil 🇧🇷 E-mail: tavi@azuriacapital.com

Joined June 2014

2.3K Following 326.1K Followers

Otavio (Tavi) Costa@TaviCosta

2026.11.04 03:56

The largest copper miners are expected to report their lowest annual production in nearly 15 years. A 16% decline from 2024. Metals already face supply constraints relative to demand, and the outlook for future supply looks even more concerning. Recent weakness in the mining industry hides the real opportunity.