Rio Tinto kicked off number 2 perch, Agnico tops $100 billion for the first time

Mining01-13

Global mining started 2026 the way it ended 2025. With a huge rally. Gold now looks to have $5,000 in sight, silver’s wild swings are getting wilder, and copper is hitting all time highs with ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2603928665?lang=en_US&edition=fundamental","thumbnail":"https://www.mining.com/wp-content/uploads/2015/10/scale-finance-trader-shoes-600.jpg","is_english":true,"pubTime":"2026-01-13 18:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2603928665","market":"fut","top_or_hot":-1,"title":"Rio Tinto kicked off number 2 perch, Agnico tops $100 billion for the first time","media":"Mining","content":"<div>\n<p>Global mining started 2026 the way it ended 2025. With a huge rally. \nGold now looks to have $5,000 in sight, silver’s wild swings are getting wilder, and copper is hitting all time highs with ...</p>\n\n<a href=\"https://www.mining.com/rio-tinto-kicked-off-number-2-perch-agnico-tops-100-billion-for-the-first-time/\">Source Link</a>\n\n</div>\n","source":"mining_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto kicked off number 2 perch, Agnico tops $100 billion for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto kicked off number 2 perch, Agnico tops $100 billion for the first time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-13 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/rio-tinto-kicked-off-number-2-perch-agnico-tops-100-billion-for-the-first-time/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global mining started 2026 the way it ended 2025. With a huge rally. \nGold now looks to have $5,000 in sight, silver’s wild swings are getting wilder, and copper is hitting all time highs with ...</p>\n\n<a href=\"https://www.mining.com/rio-tinto-kicked-off-number-2-perch-agnico-tops-100-billion-for-the-first-time/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0612318971.USD","symbol_name":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","start_time":0,"source_url":"https://www.mining.com/rio-tinto-kicked-off-number-2-perch-agnico-tops-100-billion-for-the-first-time/","article_id":"2603928665","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2015/10/scale-finance-trader-shoes-600.jpg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/rio-tinto-kicked-off-number-2-perch-agnico-tops-100-billion-for-the-first-time/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2603928665","pubTimestamp":1768300020,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"Global mining started 2026 the way it ended 2025 – with a huge rally. But M&A contenders seem to be underperforming.","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"601899":"紫金矿业","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","SCCO":"南方铜业","BK4015":"铜","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","NEM":"纽曼矿业","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","AU":"AngloGold Ashanti Ltd ADS","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU2462611646.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) INC MTI","BK4588":"碎股","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU2498475776.HKD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (HKD) INC","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","RIO":"力拓","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","BK4017":"黄金","BK4522":"非洲概念","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","BHP":"必和必拓公司","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0050427557.USD":"富达拉丁美洲基金","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","AEM":"伊格尔矿业","BK4532":"文艺复兴科技持仓","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","LU1223082196.USD":"施罗德环球黄金A Acc","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","BK4570":"地缘局势概念股","LU0072463663.USD":"Blackrock Latin American A2 USD","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","LU0075056555.USD":"贝莱德世界矿业基金A2","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU1883866441.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"力拓位居第二，Agnico首次突破1000亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601899":1.78,"AEM":1.87,"SCCO":1.83,"BHP":1.85,"AU":1.79,"RIO":1.95,"NEM":1.81},"content_text":"Global mining started 2026 the way it ended 2025. With a huge rally. \nGold now looks to have $5,000 in sight, silver’s wild swings are getting wilder, and copper is hitting all time highs with regularity. \nMining stocks have duly responded and after a blowout 2026, the Top 50 biggest mining stocks’ collective value now sits comfortably above the $2 trillion level reached at the end of last year.\nYou have to scour the corners of the mining world to find something that’s down and titanium and silicon are not exactly pillars of the industry. \nWhile the metal and mineral price rally is broadbased and most mining stocks in the upper echelons already sport double digit percentage gains YTD, a few underperformers stand out. Stocks of the losers (or small gainers) appear to be driven by factors beyond buoyant metal prices.  \nGlobal mining is beefing up – and that’s before the mergers and acquisition currently being discussed.\nSince inception, the MINING.COM TOP 50 was headed by two firms  – BHP and Rio Tinto – the only miners with consistent market capitalizations above $100 billion (with a wobble here and there).  \nNow there are six firms with the distinction.  The latest is Agnico Eagle (TSX:AEM) which on Tuesday entered the ranks of the triple digit billion dollar miner.  If only just. \n\nThe Toronto-based company joins Chinese champion Zijin Mining (SHA:601899), Southern Copper (NYSE:SCCO), the mining arm of Grupo Mexico, and Denver’s Newmont Corporation (NYSE:NEM) which rode gold and copper prices all the way to the top towards the end of last year. \nWhile the ascent of these counters is not surprising given gold’s glorious run and copper’s inexorable climb, the recent underperformance of BHP (ASX:BHP) and Rio Tinto (LSE:RIO), appears to have more to do with doubts over M&A.\nWhile there is little separating them, it is striking that Rio Tinto now finds it in position number four below Southern Copper and Zijin. Rio Tinto is up 2.2% on the LSE so far this year at $140.8 billion. Zijin has added 11% in Shanghai in USD terms while Southern Copper has surged by 22% in New York just eight trading days in. \nIn fact Rio Tinto and BHP (up 4.6% for $162 billion) are some of the only counters that have not seen double digit gains in 2026. Rio Tinto has received the sharp end of investor skepticism over a combination with Glencore. \nGlencore in turn has gained 15.2% in value in London to $73.9 billion.  The talks between Baar and Melbourne date back more than a year and investors have had ample time to digest its prospects. \nThe downsides of a deal for Rio Tinto, apart from what to do with coal, do not seem insurmountable while the upsides when it comes to copper are obvious. A merged entity would become the clear copper king with attributable production of roughly 1.6 million tonnes a year by 2028 and when Glencore’s projects come on stream in the early 2030s could hit 2m tonnes-plus (versus BHP and Codelco’s 1.3m tonnes). \nRio Tinto just this week appointed three investment banks to give advice so at least who needs who more may soon become apparent.   \nBHP’s lacklustre performance also appears to have an M&A angle, this time because the company has been relegated to the sidelines after more than one failed attempt over the years (including with Rio Tinto) while others partner up. \nToday a RioCore would be worth not that much more than $200 billion (a number the likes of GOOG gains or gives up in an afternoon) and it’s easy to forget that BHP flirted with this level all the way back in April 2022 when it briefly displaced oil major Shell as the most valuable stock on the FTSE. \nTrading in two other merger candidates has also been uninspiring. Anglo American (LSE:AAL) stock rose by 5.4% by Tuesday for a $46.7 billion valuation while Teck Resources (TSX:TECK.B) is 5.2% for the better at $24.3 billion in Toronto (well outside the top 20).\nBHP’s odd last-minute intervention aside, AngloTeck is coming closer to reality with the EU poised to also clear the deal within weeks.   At current prices a combined entity would only just make it into the top 10. That Anglogold Ashanti (NYSE:AU) is now worth more than its erstwhile parent must sting in the offices of 17 Charterhouse (slated for evacuation).     \nApart from an operational level agreement with Glencore to explore in Canada’s Sudbury basin, absent from the conversation has been Vale (BOVESPA:VALE3). \nLong the number three most valuable and for a day or two in 2022 also worth more $100 billion, the Brazilian miner continues to drift down the ranking. An IPO for the Rio de Janeiro-based company’s base metals unit would be in 2027 by the earliest. \nMining’s traditional big 5 diversified giants – BHP, Rio Tinto, Glencore, Vale and Anglo American – that trace their roots back many decades if not more than a century, not that long ago occupied the top five spots as a matter of course and constituted nearly a third of the overall value of the Top 50.  \nIt is not just their recent performance that stands out, when looking at a three-year (or even five-year) chart it is hard not to conclude that the old guard has not kept up with the new world of mining. \nAmong spectacular gains for copper, gold and other commodity specialists with three/four or sometimes eight-fold gains in value since 2022, the geographically spread out, diversified mining model remains in the red. \nAnd mergers and acquisitions and spinoffs and bolt-ons  it seems do not provide solutions for this perennial disappointment.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603928665","isCrawlerRequest":true}