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

| More on:
A miner holding a hard hat stands in the foreground of an open cut mine

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

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.

More on Resources Shares

a sad looking engineer or miner wearing a high visibility jacket and a hard hat stands alone with his head bowed and hand to his forehead as he speaks on a mobile telephone out front of what appears to be an on site work shed.
Resources Shares

Down 14% in 2024, why is the BHP share price sliding again today?

ASX 200 investors are bidding down the BHP share price on Wednesday.

Read more »

A mining employee in a white hard hat cheers with fists pumped as the Hot Chili share price rises higher today
Resources Shares

These ASX 200 mining stocks could rise 40% to 50%

Analysts think these miners are dirt cheap at current levels.

Read more »

Image from either construction, mining or the oil industry of a friendly worker.
Resources Shares

Fortescue share price leaps 5% as electric machinery makes a milestone

Fortescue is charging ahead with its electric mining ambitions.

Read more »

rising mining asx share price represented by happy woman miner in hard hat
Resources Shares

Why the BHP share price crushed the benchmark this week

BHP shareholders enjoyed a rewarding week.

Read more »

A man wearing a hard hat and high visibility vest looks out over a vast plain where heavy mining equipment can be seen in the background.
Dividend Investing

Here is the profit forecast to 2026 for BHP shares

Let’s unearth how much profit this miner could make.

Read more »

Female miner standing next to a haul truck in a large mining operation.
Resources Shares

Is the worst of the selling now over for ASX iron ore shares?

ASX iron ore giants like BHP, Rio Tinto and Fortescue rebounded this week after falling hard in 2024.

Read more »

Three satisfied miners with their arms crossed looking at the camera proudly
Resources Shares

Why are ASX 200 mining shares smashing the benchmark on Wednesday?

Rio Tinto, BHP and Fortescue shares are all charging higher today.

Read more »

Two miners standing together.
Resources Shares

Why is the South32 share price getting battered today?

ASX 200 investors are bidding down South32 shares today.

Read more »