The top companies in the mining and metals industry have weathered the pandemic storm relatively well. The top 25 metals and mining companies were worth a cumulative $908.36 billion on December 1, 2020.
According to the research data analyzed and published by Comprar Acciones, they gained a median of 2.7% month-over-month (MoM) in November 2020 and 80% year-over-year (YoY).
Moreover, based on a report by Mining.com, the top 50 companies in mining gained a collective $80.2 billion in market cap during Q3 2020. Their collective market cap went from $989.83 billion in Q4 2020 to $1.028 trillion at the end of Q3 2020.
90% of Best Performers in Mining in Q3 2020 Are Gold Producers
BHP Group was the largest company in the industry by market cap at the end of November 2020. It had a market cap of $130.27 billion, up by 12.6% MoM but down by 2.5% YoY.
Rio Tinot was second with $108 billion, up by 11% MoM and 13.7% YoY. Vale came in a distant third with $74.35 billion, up by 28.8% MoM and 56.1% YoY.
Glencore at #9 was the highest MoM gainer, jumping by 35.9% to $37.36 billion. Zijin Mining Group at #12 was second with a 35.6% MoM increase to $33.46 billion. It was also the second highest YoY gainer, surging 174.1% since November 2019. On the other hand, Ganfeng Lithium Co. at #21 had the highest YoY gain, jumping 196.2% to $15.08 billion.
From March 2020 to the end of November, the top 50 mining companies added $327.56 billion to their collective market value. That was a significant improvement from their collective loss of $288.47 billion in Q1 2020.
Around 90% of the top performers are gold producers. Gold producers and precious metal royalty companies accounted for 33% of the value of the top 50 companies. Since the Q1 2020 slump, they contributed $150 billion to the total gains in the mining industry.