CHARTS: Mining’s top 50 companies top $1.4 trillion value amid M&A fever
World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.
It took 70 years for oil and gas to take 50% of the global primary energy market from coal. Today renewables can't even match incremental growth in demand.
With expectations that China will stabilise its economy and stimulate the real estate sector, iron ore demand is seen to be rising, analysts with Huatai Futures wrote in a note.
Copper prices comfortably above $10,000 and iron ore prices at 7-month highs continue to defy predictions as Chinese PMIs drop into contraction territory.