The global mining industry experienced an 11% rise in company filings mentions of batteries in Q4 2023 compared with the previous quarter, with the highest share accounted for by Cummins with 60% year-on-year increase, according to GlobalData’s analysis of over 862 mining company filings. GlobalData’s Mining: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the mining industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, batteries was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of 3d printing and niche tourism, according to GlobalData.
Of the top leading companies in the mining industry, Cummins had the greatest increase in references for batteries in Q4 2023, compared with the previous quarter. GlobalData identified eight batteries-related sentences in the company's filings - 0.9% of all sentences - and an increase of 60% in Q4 2023 compared with Q4 2022. Atlas Copco’s mentions of batteries to 5 and Graco’s by 25% to 3 and ABB’s by 100% to 2 and Caterpillar’s by 80% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for batteries in Q4 2023 was 106.
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For further understanding of GlobalData's Mining: Filings Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
