Value of top 50 mining companies surges $600 billion from covid lows
Despite gold’s price slump, strong copper and iron ore prices lifted MINING.COM’s ranking of the world’s 50 most valuable miners to a new record high of $1.35 trillion at the end of the first quarter.
The MINING.COM Top 50* most valuable mining companies added a combined $50 billion in market capitalization over the three months to end-March, a sharp slowdown compared to previous quarters, as the commodities rally cools and gold suffers its worst first quarter in decades.
Measured from the height of the pandemic in March-April last year, the index has now recovered by an astonishing $636 billion thanks to a boom in spending on green infrastructure – not only in China but across Europe and the US.