Due to several industrial and economic factors, the global precious metals market has undergone significant changes in recent years, especially in 2023 and 2024. The value of the global precious metals market in 2021 was $275.4 billion, and in the future it is expected to reach $449.72 billion. This growth corresponds to a compound annual growth rate (CAGR) of 5.6% over the forecast period 2023-2030. With a significant revenue share of 59.0% in 2022, the Asia-Pacific market is considered the region's leading market, driven by the rapid growth of domestic manufacturing industries such as China. The precious metals market has been impacted by a number of important laws and regulations in 2023, which reflect the attitudes of investors as well as general economic trends. Throughout the year, gold prices varied, rising to all-time highs and then falling as a result of several international economic issues. For instance, expectations for future changes in the Federal Reserve's interest rate policy and optimism about the state of the American economy caused the price of gold to jump beyond $2,000 in November. Look at the 5 Largest Precious Metals and Minerals Companies in Australia in 2024. 5. James Hardie Industries plc (ASX:JHX) Market capitalization: $11.27 billion James Hardie Industries plc (ASX:JHX) is one of the world's leading manufacturers of building materials, primarily consisting of fiber cement products. is. James Hardie Industries plc (ASX:JHX)'s financial report for Q3 FY24 shows record adjusted net profit of $179.9 million and record nine-month operating cash flow of $749.5 million. The company's fourth-quarter adjusted net income outlook was $165 million. Up to $185 million. 4. Amcor Limited (ASX: AMC) Market capitalization: $13.32 billion Develops and manufactures ethical packaging solutions for a variety of food, beverage, pharmaceutical, medical, household and personal care products. He is the leader of Amcor. LIMITED (ASX:AMC). Amcor Limited (ASX:AMC) reported 2023 revenue of $14.69 billion, up 1.03% year-on-year. Its profit for the same period was $1.05 billion, an impressive increase of 30.19%. 3. Newmont Corporation (ASX:NEM) Market Capitalization: $39.69 billion On November 6, 2023, Newmont Corporation (ASX:NEM) announced its acquisition of Newcrest Mining Limited, a key moment for the industry. announced that it had been successfully completed. Newmont Corporation (ASX:NEM) is establishing itself as an international player in gold mining with significant copper production. Newmont Corporation (ASX: NEM) aims to successfully integrate his Newcrest assets and the combined operations are expected to increase value and operational efficiency. 2. BHP Group Limited (ASX:BHP) Market capitalization: US$95.05 billion BHP Group Limited (ASX:BHP) is one of the world's largest diversified raw materials companies. Headquartered in Melbourne, Australia, BHP is a diversified company that trades in nickel, coal, iron ore, copper and oil. BHP Group Limited (ASX:BHP) continued to focus on community contributions and shareholder returns in the second half of the year by maintaining tight cost controls and strong operating results. As a result, the company announced a dividend of 72 cents per share, demonstrating the company's commitment to providing value to investors. 1. Rio Tinto (ASX:RIO) Market capitalization: $127.5 billion Rio Tinto (ASX:RIO) is one of the world's leading mining and metals companies. With roots on multiple continents, Rio Tinto (ASX:RIO) is involved in the exploration, mining and processing of a variety of minerals including aluminium, copper, diamonds, iron ore and uranium. Rio Tinto (ASX: RIO) produced 3.3 million tonnes of aluminum in the quarter ended December 31, 2023, a significant 9% increase compared to the same period last year.