At the end of the third quarter the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of just under $1.97 trillion, up nearly $700 billion so far in 2025 with most of the gains accumulated in the third quarter.
The total stock market valuation of the world’s biggest mining companies has finally surpassed the previous record high reached more than three years ago and in the process transformed the ranking of the upper echelons.
Trends in the global mining industry that have been documented in these pages for more than a decade have finally broken through to the mainstream with critical minerals suddenly on everybody’s lips – from the US president down to the proverbial taxi driver sharing stock picks.
The weakness in the greenback played a part in the blowout quarter – the ranking is based on a company’s market capitalization in local…
