Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!
(Wallace Refiners) – The 25 largest metals and mining companies by market capitalization gained a median 2.7% in value in November, according to an S&P Global Market Intelligence analysis.
 |
| Image credit: S&P Global Market Intelligence. |
The companies analyzed were worth a cumulative market value of $908.36 billion as of Dec. 1. The median value of the top metals and mining companies increased both month on month and year on year in November, with the market capitalization of the top 25 companies jumping 80.0% year over year.
Diversified miners BHP Group and Rio Tinto are the only two metals and mining companies with market values exceeding $100 billion. BHP’s total market value rose 12.6% to $130.27 billion through November while Rio Tinto’s increased 11.0% to $108.0 billion. The two companies represent more than a quarter of the world’s top 25 metals and mining companies’ combined market value.
The greatest percentage gains in market value during November came from Glencore, Zijin Mining and Freeport-McMoRan. Each company saw its market value increased by more than one-third through the month.
Companies with a market value decline of 5% or more month over month included Wheaton Precious Metals, Agnico Eagle, Barrick Gold, Newcrest Mining, Polyus and Newmont.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
