The Minerals Market: Global Metals and Their Producers

Mining Series:

The Minerals Market | Metals for the Energy Transition |  Mining Emissions  |  Deep-Sea Mining

The global minerals market value dropped below a trillion dollars in 2020, the lowest it has been since 2009.

Top 40 Mining Companies

The top 40 mining companies have remained fairly resilient, with Canada having 6 miners in the group.

Revenues of the top 40 mining companies were up 4%, totaling US$ 692 billion but profits were down 11% to US$ 89 billion.

Revenue gains were largely due to rising commodity prices, iron ore peaking at US$ 130 a tonne.

Mining Deals

Global mining deals dropped slightly in 2020, with gold deals still making up more than 30% of global mining deals.

COVID-19 has the global minerals market faces uncertain times but the top mining companies will continue to respond to changing markets, repositioning their asset base and business strategies as demand requires.

Sources:

https://www.miningglobal.com/supply-chain-and-operations/valuation-mining-industry-falls-below-dollar1-trillion-report

https://www.pwc.com/gx/en/energy-utilities-mining/publications/pdf/pwc-mine-2020.pdf

https://www.pwc.com/gx/en/industries/energy-utilities-resources/publications/mine.html

https://www.pwc.com/ca/en/industries/mining/mine-2020.html

https://www.statista.com/topics/1143/mining/

https://www.statista.com/statistics/236944/total-value-of-deals-in-the-global-mining-and-metals-sector/