Mining growth to stall for Caterpillar in 2024

Richard Roberts

While it talks about expansion of its addressable market in mining, the volume, size and equipment-demand of new mines is a big unknown

Caterpillar CEO Jim Umpleby sees room for improvement on the US machinery giant’s record 2023 sales and earnings, with mining-market upside possibly the biggest current imponderable for a company seeking to stay at the forefront of what it sees as an expanding market.

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