Big 5 diversified mining companies are having a rough 2024
World’s 50 biggest miners had a combined market capitalization of just under $1.4 trillion, with losses at the very top offsetting a banner quarter for gold and copper stocks.
The miner estimates it will spend $1bn per year to bring Woodsmith into production by 2027, both a higher cost and longer timeframe than previously expected.
After making more money than ever in the last few years, some of the world’s top energy traders are using the cash to expand in metals and agriculture.