Precious Metals Drive Growth as BHP is the Strongest Brand in the sector in 2026

Brand Finance’s Mining, Metals & Minerals 50 2026 report shows that the global mining sector recorded a 5% year-on-year growth.

• Tongling Nonferrous Metals’ brand value is up 51%; named fastest growing brand in sector
• Up 19% to $1 billion: Maaden’s growth driven by record phosphate production

LONDON, 5 August 2026 – The global mining, metals, and minerals sector enters 2026 amid diverging commodity cycles, with rare earth minerals and precious metals driving growth while bulk commodities face softer demand, according to the Mining, Metals & Minerals 50 2026 report by Brand Finance, the world’s leading brand valuation consultancy.

Gold has until recently lead the momentum, supported by strong investor appetite and expanding production, even as iron ore and battery metals navigate price pressures. Amid this mixed landscape, leading brands have seen their values shaped by both market opportunities and persistent commodity challenges.

Glencore remains the world’s most valuable mining brand for the second consecutive year, despite an 11% decline to its brand value, now at USD5.5 billion. Softer commodity conditions weighed on margins, with Adjusted EBITDA down 16%, driven by weaker energy coal prices, while global coal production contracts for a second consecutive year. The brand’s diversified exposure across base metals and energy products offsets some of the impact from softer coal markets.

BHP holds the second spot with a brand value of USD5 billion, down 2% amid weaker coal markets and ongoing operational and legal challenges. The brand is still very strong with a AA+ brand strength rating. Its long-term focus on brand building has helped it withstand challenges to its reputation.

ArcelorMittal rises two places to rank third, with a 31% brand value increase to USD4.7 billion, driven by higher steel demand and a stronger Brand Strength Index (BSI) score (74.5/100). Low inventories in Europe and rising global demand, particularly in India, the US, and Brazil, support higher shipment volumes and reinforce the brand’s position in key markets.

Brazilian brand Vale (brand value up 9% to USD2.7 billion) enters the top 10 this year in seventh place. Strong operational performance drove revenue growth, with iron ore output reaching 336 million tonnes and copper and nickel production rising 10% and 11%, respectively. Vale’s focus on energy-transition materials supports its revenue outlook and strengthens its influence in the global mining sector.

Tongling Nonferrous Metals is the fastest-growing brand in the mining sector for 2026, with its brand value soaring 51% to USD967 million. The brand’s growth is supported by rising copper production, strong operational performance, and expansion into high-value products such as copper strips for integrated circuits.

Tongling’s rise reflects a broader trend in the sector, where nonferrous and precious metals are driving the fastest growth. Higher production, favourable markets, and strategic investments are helping these companies expand revenue and strengthen brand value, signalling a shift in momentum across the global mining industry.

Savio D’Souza, Global Sector Head of Mining, Metals & Minerals, Brand Finance, commented:

“The Mining, Metals & Minerals 50 ranking has crossed USD80 billion threshold for the first time. Brand value is no longer tracking with brand strength; specialists are compounding while diversified majors stagnate, and a new geography of brand leadership is emerging in Asia. The companies winning in 2026 are those where brand strategy and corporate strategy are the same conversation, not parallel ones.”

BHP (brand value down 2% to USD5 billion) is the strongest mining brand this year with a Brand Strength Index (BSI) score of 80.1/100 and an AA+ brand strength rating. Its brand strength gains are driven by improvements in reliability, quality, word of mouth, and usage. A shift towards higher-grade products, including output from South Flank and DRI trials with China Baowu, reinforces quality perceptions, while strong operational delivery and continued community and decarbonisation efforts support trust and advocacy.  BHP continues to benefit from global scale and operational leadership, these factors have weighed on perception scores among stakeholders

Rio Tinto (brand value up 15% to USD4.4 billion) is second, with a BSI score of 78.3/100 and an AA brand strength rating, reflecting sustained operational delivery and a strengthening growth outlook. Copper output is rising through the Oyu Tolgoi underground expansion, while stronger bauxite and alumina performance has lifted volume expectations. The ramp-up of its lithium business, including Rincon and the integration of Arcadium Lithium, is also expected to drive a new revenue stream from 2025, reinforcing its position as a diversified, future-facing mining brand.

Barrick Mining (brand value up 44% to USD1.6 billion) ranks third with a BSI score of 77.9/100 and an AA+ brand strength rating.  Brand Finance research highlights improved perceptions across governance, admiration, and environmental responsibility. Sustainability commitments, including a 30% reduction in Scope 1 and 2 emissions by 2030 and a net-zero target by 2050, continue to support brand strength. A stronger revenue outlook, alongside development assets such as the Fourmile project in Nevada, further underpins performance.

Brand Finance has also identified the top-performing brands across six key industrial categories: steel production, aluminium production, coal, copper mining, copper processing, and iron. Chinese brands continue to assert strong influence, featuring prominently across multiple categories, particularly in aluminium and copper processing, reinforcing the country’s entrenched position in global metals supply chain.

• ArcelorMittal (brand value at USD4.7 billion) retains its position as the most valuable steel brand globally
• In aluminium production, Chinalco (brand value at USD1.9 billion) remains the leading brand in the category
• The coal segment sees Glencore (brand value at USD3.2 billion) moving into first place
• In the copper mining sector, Glencore (brand value at USD2.2 billion) continues to lead
• Meanwhile, Jiangxi Copper (brand value at USD3 billion) retains its leadership in the copper processing category
• In the iron segment, BHP (brand value at USD2.4 billion) remains at the forefront