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Mining Giants See Market Value Surge, While Others Lag

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Mining,Market Value,Top Companies

Mining Journal's latest top 100 miners list reveals a 36.6% growth in total market valuation to $1.9 trillion over the past two years. This surge is largely driven by the top 10 miners, with Rio Tinto and US copper producers like Freeport-McMoRan and Southern Copper experiencing significant growth. Conversely, Glencore and Nutrien have faced market value declines.

The last time Mining Journal ran its top 100 companies list, in 2022, BHP held the top spot with a market cap of $130.34 billion. Rio Tinto, at $91.5 billion was second, and China Shenhua, the world's largest coal company, was third with a market cap of $85.40 billion.Today, Mining Journal publishes its top 100 miners list, which shows that the total market valuation is worth $1.9 trillion, a growth of 36.6% over the last two years.

But who are the losers? Well, in terms of value, Glencore has lagged. It's still up there - the wolves aren't quite at the door yet - but its market cap has sagged from $71.74 billion in October 2022 to $58.4 billion, a fall of 15%.Canada's Nutrien has also suffered since the fall of the high fertiliser mineral prices in 2022, decreasing from a market cap of $48.24 billion to $23.6 billion, down 51%.

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