~*~Mining and Metals Du Jour~*~

[JD400]

Value of 50 biggest mining companies drops by $126 billion
Frik Els | January 15, 2025

The world’s 50 biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion.


At the end of 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $1.28 trillion, down $126 billion for the year after a dismal final quarter when even gold firms succumbed to overall bearish sentiment.

The total stock market valuation of the world’s biggest mining companies declined by 9% or a combined $126.2 billion over the course of 2024.

A promising Q3, when the index touched its second highest level on record, quickly turned sour and only eight constituents made gains over the final three months of the year.

The Top 50 is now trading a stomach churning $480 billion below the peak hit in the second quarter of 2022, when the entire mining complex was riding high from uranium and nickel to copper and gold.

Much of the blame for the drift lower can be laid at the door of mining’s traditional champions.

continues here
https://www.mining.com/value-of-50-biggest-mining-companies-drops-by-126-billion/