MATERIALS

Integrated Metal & Mining

World’s Most Productive Companies

Integrated Metal & Mining

Integrated Metal and Mining spans steelmakers and diversified miners. Margins are deeply cyclical and volume-driven, and productivity tracks global demand and capacity utilization.

2025 was a softer year, with the group about 10% below its 2019 baseline. No company in the group reached the 2026 World’s Most Productive Companies list this year. Gains were concentrated in the leaders, with most of the group giving back ground.


Integrated Metal & Mining peer group IPI trends

Productivity Snapshot

  • Integrated Metal & Mining ranks tenth of ten Materials peer groups for industrial productivity in 2025, about 10% below its 2019 baseline.
  • 1 of 5 companies grew productivity in 2025.
  • No company in the group earned a place on the 2026 World’s Most Productive Companies list this year.
  • 2025 was the weakest corner of Materials, with the group well below its 2019 baseline as commodity demand stayed soft.

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