January 31, 2024
The Remorseless Collapse of First Quantum Minerals
Metal and mineral markets are notoriously erratic and prone to abrupt downturns. The 2023 plunge in nickel, cobalt, and lithium prices, while extreme, is but one of many such episodes in the volatile history of these commodities. Industry veterans can recall the tumult of rare earth production, the fluctuations in platinum group metal markets, and even the rollercoaster ride of gold and silver trading over the years. Despite geopolitical and market upheavals, major mining companies have grown nimbler at navigating choppy waters. However, the ranking of the top 50 miners in 2023 witnessed swift and drastic changes – a stark
