VALE - The 10 Biggest Mining Stocks
The mining industry plays a vital role in supporting the global economy. It digs up, processes, and sells a variety of metals, minerals, and energy products that are essential to the growth of many varied sectors. Iron ore, for example, is a key component in steel, while the automotive and aerospace sectors use lots of aluminum, and copper is crucial for electricity production.
Because of that, the mining sector is also an important one for investors. In 2018, the world's 40 largest publicly traded mining companies hauled in $683 billion in revenue and generated $165 billion in EBITDA. That gave them the funds to pay their shareholders a record $43 billion in dividends that year. Those cash payments, as well as the sector's upside to the growing economy and key trends like renewable energy, are why investors should consider digging into the mining industry and take a closer look at some of the mining companies that thrive in this sector.
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