World’s top 50 mining companies end 2022 rock solid but Chinese stocks slide down the rankings despite surging coal and lithium prices, and Russian miners trading in Moscow finally succumb.
Commodity prices are always volatile, but in 2022 metal and mining markets reached new levels of turbulence, as the pandemic played out in China, inflation plagued the developed world and the Ukraine war upended global energy.
Copper ended the year more than 20% below the all-time record hit in March, the gold market’s highs and lows during the year were more than $400 apart, lithium prices continued their exponential run, tin prices collapsed, against all odds coal prices surged to never-seen levels, potash advanced to 14-year peaks, uranium enjoyed the best market since Fukushima and nickel made good on its reputation as the devil’s metal.
The MINING.COM TOP 50* ranking of the world’s most valuable miners added $165 billion over the course of the fourth quarter erasing steep losses suffered since their March highs.
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