Copper, iron ore price rally adds $250bn to Top 50 mining companies

Propelled by a fourth-quarter rally in copper and iron ore prices, MINING.COM’s ranking of the world’s 50 most valuable mining companies jumps to a new record high of $1.3 trillion by year’s end.

The Top 50 most valuable mining companies added $250 billion in market capitalization over the three months to end December thanks to surging base metal and iron ore prices, and precious metals markets holding onto most of their 2020 gains. 

Measured from the height of the pandemic in March-April, the MINING.COM TOP 50* has now recovered by $580 billion amid predictions of a post-pandemic supercycle in commodities demand thanks to construction and green infrastructure spending not only in China but also in the US and many parts of the developed and emerging world.