Value of 50 biggest mining companies drops by $126 billion

The world’s 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.

Frik Els | January 15, 2025 | 11:25 am

CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues

The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year. 

Frik Els | December 26, 2024 | 1:59 pm

CHARTS: The coming critical minerals trade war is BRICS short of a load

"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."

Frik Els | December 24, 2024 | 1:11 pm

Copper price: What’s in store for 2025

The bellwether metal had a rollercoaster 2024, will next year bring more wild swings?

Frik Els | December 13, 2024 | 5:48 pm

Copper price jumps on China policy, but we’ve been here before

Copper looked ready to test record highs in September after a Beijing bazooka, but a new report says the deep malaise of Chinese construction trumps all else.

Frik Els | December 9, 2024 | 2:19 pm

Trump tariffs could reshape global copper landscape

Canadian and Mexican exports unlikely to be cost-competitive and US would look elsewhere for 16% of its refined copper imports and 48% of semi-finished copper products.

Frik Els | December 3, 2024 | 12:09 pm

RANKED: Top 20 automakers by EV battery metal spending

Value of the graphite, lithium, nickel, cobalt and magnesium contained in EV batteries is up 38% from the lows struck in January.

Frik Els | November 27, 2024 | 4:27 pm

Mining’s old guard needs strong medicine

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Frik Els | November 22, 2024 | 3:29 pm

Copper price, stocks are being hammered as Trump tariff, China worries mount

“Though commodities are often seen as an inflation hedge, in this instance – where inflation is neither driven by strong demand growth nor a negative commodity supply shock – they would struggle to live up to that reputation.”

Frik Els | November 11, 2024 | 10:22 am

CHART: Copper price is being held hostage by Beijing

New report foresees a possible step change at meeting of China’s highest lawmaking body next week, with a decline of $1,000/t a distinct possibility.

Frik Els | October 29, 2024 | 4:11 am

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