Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

BHP Overtakes Glencore as Top Mining Brand with US$6.1 Billion Valuation

by March 29, 2024
March 29, 2024
BHP Overtakes Glencore as Top Mining Brand with US$6.1 Billion Valuation

BHP (ASX:BHP,LSE:BHP,NYSE:BHP) has emerged as mining’s new leader in brand value, surpassing longstanding frontrunner Glencore (LSE:GLEN,OTC Pink:GLCNF), according to a recent report from Brand Finance.

The document outlines a 17 percent surge in BHP’s brand value, soaring to an impressive US$6.1 billion.

This year-on-year rise was enough to propel BHP to the top spot and dethrone Glencore, whose brand value, while still substantial at US$5.9 billion, experienced a marginal decline of 1 percent from the previous period.

Factors contributing to BHP’s ascent include higher revenue, which was fueled by increased prices for commodities such as iron ore and copper. Additionally, the company’s expansion efforts, including the contribution of new mines like the South Australia-based Prominent Hill and Carrapateena, have bolstered its brand value.

Graphic courtesy of Brand Finance.

Overall, Brand Finance reported a general rise in brand value in the mining industry, with 28 out of the 39 brands it tracks increasing in value by at least 4 percent compared to 2023. US aluminum producer Alcoa (NYSE:AA) saw the highest increase, jumping to a brand value of US$1 billion — equivalent to a 127 percent boost.

The report also sheds light on the resilience of Chinese mining brands in the face of economic challenges.

Jiangxi Copper (OTC Pink:JIAXF,HKEX:0358) led the charge as the most valuable Chinese mining brand; it is also fourth on the list overall despite a 9 percent dip in brand value year-on-year to US$4.1 billion. Notable new Chinese entries this year include Aluminum Corporation of China (OTC Pink:ALMMF,HKEX:2600), which boasts a brand value of US$1.4 billion, and CMOC Group (OTC Pink:CMCLF,HKEX:3993) with a brand value of US$1.3 billion.

This surge in Chinese representation underscores the nation’s growing influence in the global mining arena. China now has the highest number of companies on the list, totaling 11 out of the 50 most valuable mining brands worldwide.

The US closely follows, with three new entrants bolstering its presence to a total of eight brands in this year’s rankings.

Graphic courtesy of Brand Finance.

In addition to assessing brand value, Brand Finance employed its Global Brand Equity Monitor research to compile a Sustainability Perceptions Value (SPV) Index. This metric provides insight into which mining brands global consumers perceive to be most committed to sustainability. According to the firm, sustainability is a significant driver of for investment, accounting for 8.3 percent of customer consideration.

As sustainability concerns continue to gain prominence, the mining sector is facing escalating pressure to adapt. The 2024 SPV Index from Brand Finance highlights South Korean brand Posco Holdings (NYSE:PKX,KRX:005490) as leading the charge — the steel manufacturer has the highest SPV at US$513 million.

Brand Finance Valuation Director Savio D’Souza commented on the industry’s upsurge in sustainability commitments:

“Amidst the global energy transition and prioritization to secure critical mineral supplies, the mining industry plays an increasingly important role in the shift to cleaner energy sources. Mining brands are poised for a promising future as they build resilience through their commitment to sustainability and continue to meet the changing needs of their stakeholders.”

As the mining sector continues to evolve amid global economic shifts and sustainability imperatives, stakeholders are advised to remain vigilant and adaptive to emerging trends and market dynamics.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Ramp Metals Provides Exploration Update and Announces Drilling Campaign
next post
A potent planet-warming gas is seeping out of US landfills at rates higher than previously thought, scientists say

Related Posts

Sirona Biochem

May 11, 2024

Baselode Cuts 4.03% U3O8 in Extension Drilling at...

November 28, 2023

Rare Earths Stocks: 8 Biggest Companies in 2024

January 12, 2024

Getchell Gold Corp. Receives Authorization to Construct 12...

August 15, 2023

Tinley’s Provides Corporate Updates and Announces Appointment of...

January 30, 2024

Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to...

January 19, 2024

Alpha Lithium Files Notice of Change to Directors’...

October 4, 2023

Forum Receives Geochemical Results from Ned Uranium Target,...

October 11, 2023

NorthStar Gaming Commences Trading in the U.S. on...

March 12, 2024

FREEGOLD ANNOUNCES CLOSING OF $10 MILLION BROKERED PRIVATE...

March 28, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved