John Tumazos Advisory and Compensated Research, LLC

John Tumazos is the founder and president, and he serves as the primary analyst responsible for the firm's research output. He has decades of experience as a sell-side metals and mining analyst before founding the firm.

The firm is paid directly by the companies it covers to produce research reports, a model that is fully disclosed in its publications. This differs from traditional research funded by investment banking fees or subscriber revenue. The firm emphasizes transparency about its compensation to allow readers to evaluate potential biases.

The firm specializes in the metals and mining industry, with a particular emphasis on steel, iron ore, and base metals. John Tumazos has a long track record of analyzing companies in these sectors, including major producers like U.S. Steel and other integrated and mini-mill operators.

The firm continues to publish reports under the John Tumazos Advisory and Compensated Research name, though the frequency of publication and scope of coverage has varied over time. Recent filings and public commentary from John Tumazos indicate ongoing activity in the sector.

The firm explicitly labels its reports as compensated research and discloses the nature of its compensation arrangements. This transparency is intended to allow clients to assess the research's objectivity. John Tumazos has stated that the model enables him to provide analysis without the conflicts inherent in investment banking relationships.

John Tumazos Advisory is primarily a research and advisory firm, not an investment vehicle. It does not manage assets for clients in a traditional discretionary capacity. Its core product is written research distributed to institutional investors.