Energy Shock Wipes $264 Billion Off the World's Top Mining Stocks
The world's 50 most valuable mining companies lost $264 billion in market value in September as oil-driven inflation fears pushed bond yields to their highest since 2008 and the Federal Reserve into its first rate hike in three years, dragging gold and the stocks tied to it sharply lower. The g
The world's 50 most valuable mining companies lost $264 billion in market value in September as oil-driven inflation fears pushed bond yields to their highest since 2008 and the Federal Reserve into its first rate hike in three years, dragging gold and the stocks tied to it sharply lower. The group ended the month worth $2.26 trillion, according to MINING.COM's Top 50 ranking, the second-largest monthly decline since the ranking began at the end of 2019, behind only March's $434 billion drop. September erased roughly three-quarters of August's…
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