Mining Network, Released on 5/20/26

Macro investor Tavi Costa breaks down why surging bond yields won’t lead to aggressive Fed tightening like in 2021, and why he believes the Fed will eventually be forced to ease policy due to the exploding cost of servicing U.S. debt.

Tavi shares his latest views on:
Why mining stocks remain significantly undervalued despite high commodity prices
The massive structural opportunity in copper driven by AI, data centers, and electrification
Gold’s long-term revaluation thesis and central bank buying
Why Latin America resource stocks could be major winners as the dollar weakens
The geopolitical backdrop and its impact on oil and hard assets

Tavi also explains why he’s focused on the big picture rather than short-term noise around the Strait of Hormuz and why he believes we’re in a structurally higher commodity price environment.

Tavi Costa is Co-Founder & CEO of Azuria Capital LLC. He was formerly a partner and portfolio manager at Crescat Capital. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

  bond market, commodities, economy, Fed, inflation, investing