Insights

Here are 2 ASX mining shares up 25% in the past month

Why these two Aussie miners in different industries are on fire right now
The post Here are 2 ASX mining shares up 25% in the past month appeared first on The Motley Fool Australia. –

ASX mining shares have shared mixed fortunes in 2021. BHP Group Ltd (ASX: BHP) shares have slipped 5% lower this year while Pilbara Minerals Ltd (ASX: PLS) shares have surged 185% higher.

Of course, investors need to be comparing apples to apples when analysing the resources sector. That’s because underlying commodity prices can have an enormous impact on valuations at any given point.

Having said that, there are two ASX mining shares worth watching right now. That’s because both of these companies have seen their market values surge more than 25% in the past month.

2 ASX mining shares up 25% in the past month

1. Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price has climbed 32.3% higher in the past month. Shares in the Aussie coal miner have been charging higher on the back of strong coal prices in China.

Premium hard coking coal prices are climbing, according to Fastmarkets MB, which comes after a weaker than expected full-year result for Whitehaven.

Whitehaven reported a 9.3% drop in revenue to $1.56 billion in FY21 and a net loss after tax before significant items of $87.3 million.

However, the recent surge in coal prices is boosting the ASX mining share higher right now.

2. Alumina Limited (ASX: AWC)

It’s not just coal that’s doing well at the moment. Alumina shares have climbed 25% higher in the past month despite no recent announcements from the alumina refinery and bauxite mining investor.

Perhaps unsurprisingly, a strong rally in alumina prices is helping drive the latest gains. According to Fastmarkets MB, alumina prices surged 10% on Thursday, September 9 to their highest point since April 2019.

Freight disruptions and tightening supply have helped boost prices which is good news for the ASX mining share. Alumina owns a 40% stake in the Alcoa World Alumina and Chemicals (AWAC) joint venture alongside global aluminium heavyweight Alcoa Corp (NYSE:AA).

The Alumina share price is on the tear right now and is having a solid run in August and September.

The post Here are 2 ASX mining shares up 25% in the past month appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Here are the 3 heaviest trading ASX 200 shares on Monday

These were the best performing ASX 200 (ASX:XJO) shares last week

Here are the 3 heaviest traded ASX 200 shares this Friday

Here are the top 10 ASX 200 shares on Friday

Why the Whitehaven (ASX:WHC) share price is gaining on Friday

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!