At the end of Q1 2022, the MINING.COM TOP 50* ranking of the world’s biggest miners hit an all time record of a collective $1.75 trillion in value as everything from copper and gold to uranium and tin rallied hard.
But the rout was swift and by the end of June the TOP 50 had lost an astonishing $600 billion in combined value as China’s zero-covid lockdowns remained in place, interest rates were hiked to curb stubborn inflation and the Ukraine war roiled energy markets. Mining companies’ ratings have improved steadily since then, but at the end of Q1 this year the TOP 50 have only made up little over half the losses since the March 2022 peaks for a combined value of $1.43 trillion. That’s not far above levels seen end-March 2021 and up a relatively modest $49 billion since the end of last year. Copper charge
Primary copper […]
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