Listing the Leading Metal Producers in the United States in 2025 on Our Site
In 2024, the metals market saw a fascinating shift, with some metals performing better than others. Among the frontrunners were gold and copper, which showed remarkable growth.
One of the standout performers was the Newmont Corporation, a leading metals company. The corporation experienced a significant 58.2% revenue growth in 2024, propelling it to the fourth spot on the list of metals companies. This growth was largely attributed to the rise in gold prices, which contributed to the corporation's revenue growth.
Gold prices, too, saw an upward trend in 2024, contributing to the revenue growth of several companies in the sector. The top performing gold miners included SSR Mining Inc, New Gold Inc, Kinross Gold Corp, AngloGold Ashanti Plc, and Iamgold Corp, which saw gains between 70% to over 100%.
Southern Copper Corp., a metals company, had the highest net income among the companies on the U.S. 500 list, making $3.3 billion from $11.4 billion in revenue in 2024, a 39.2% increase compared to 2023.
However, not all companies in the metals sector fared equally well. Nucor Corp., the largest steel company and #1 on the list of metals manufacturers by revenue, saw a 55% decrease in earnings to $2 billion in 2024. Similarly, Cleveland-Cliffs Inc. experienced a 289% decrease in net income in 2024, resulting in a net annual income loss of $754 million.
It is worth noting that 21 metals companies made the U.S. 500 list based on annual revenue in 2024. Interestingly, all but four of these companies experienced a decrease in net income in the previous year.
Apart from the metals sector, the 2025 U.S. 500 also includes lists of top Construction and Agricultural Equipment Manufacturers, Industrial Equipment Companies, Consumer Packaged Products Manufacturers, Autonomous Companies, Semiconductor and Equipment Companies, and Manufacturers (in a slideshow). The website also features a section for testing one's knowledge of the U.S. 500, as well as a list of the 50 Best Manufacturers, with Allison Transmission topping the list.
Moreover, the Metals Company, a deep-sea miner, gained 19.1% in 2024 and then surged by 489.3% in the first half of 2025, fueled partly by US executive orders on critical minerals. Starcore International, a gold exploration and mining company, showed significant operational gains in 2024 and early 2025, with its mine production increasing quarter-over-quarter and advancing exploration projects in Mexico and Côte d'Ivoire.
The performance of the traditional mining giants like BHP, Rio Tinto, Glencore, Vale, and Anglo American, however, was less impressive. These companies suffered a collective $120 billion loss in market value in 2024, indicating weaker performance relative to smaller or more focused miners.
In conclusion, the top performing metals companies in 2024 were predominantly gold-focused miners and some specialized or emerging companies. The Metals Company had a substantial stock gain in 2024 (19.1%) continuing strongly into 2025, emphasizing interest in critical minerals. Exact net income figures or comparisons for 2024 vs previous years are not reported in the available sources. However, it is noted that large diversified miners showed notable market value declines in 2024, suggesting relatively poorer financial outcomes compared to the top performers mentioned.
The Newmont Corporation, a prominent player in the finance sector, attributed its impressive 58.2% revenue growth in 2024 to the surge in gold prices within the business of metals. On the other hand, Nucor Corp., a notable steel company, encountered a significant 55% decrease in earnings in 2024.
