We’re only a few hours away from the ASX closing shop for June 2022. As such, it’s a great time to check out how some of the most popular shares on the ASX have gone over the past month.
So today, let’s check out ASX 200 mining shares.
Mining shares have been the centre of attention for ASX investors all year. Wild share price swings and monster dividends have certainly kept things interesting for investors.
Let’s kick things off with the ASX 200’s largest share (by a mile) – BHP Group Ltd (ASX: BHP).
So, the BHP share price started June off at $44.61. Today, it’s asking $42.09 at the time of writing. That represents a loss of 5.65% over the month (including the nasty 1.6% loss we’ve seen in today’s trading session). So, not a great month for BHP, although it could have been worse.
So, that’s the ‘Big Australian’. But what of its mining peers?
How did the other ASX 200 mining shares fare over June?
Well, let’s check out Rio Tinto Limited (ASX: RIO) next.
Rio shares have also had a rough month. Rio started winter at $114.45 a share. But today, the ASX 200 miner is asking $104.97 a share, down 1.12% so far. So over June, Rio has retreated by roughly 8.3%.
What of Fortescue Metals Group Limited (ASX: FMG) though? Can it break the depressing June rut ASX 200 mining shares seem to find themselves in today?
So, Fortescue began the month at $20.11 a share. It rose all the way up to more than $21.60 a week into June, but it’s unfortunately been downhill from there. Today, Fortescue shares are trading at a flat $18 at the time of writing. So, it’s another ASX 200 mining behemoth down by 10.5% over the month.
Maybe South32 Ltd (ASX: S32) shares can save the day? After all, South32 is the only company we’ve looked at today that doesn’t earn most of its money from iron ore.
South32 shares were going for a flat $5 at the start of this month. Today, the BHP spin-off is asking for a far lower $3.98 a share. That’s a painful loss of 20.4%. So much for saving the day.
So all in all, we can conclude that it was not a great month for ASX 200 mining shares over June (save for the possibility of a miraculous afternoon recovery today).
It’s likely that fears over a global slowdown in economic growth (in the Chinese market in particular) might be to blame for this miserly June performance from ASX 200 mining shares.
No doubt investors will be hoping for a more fruitful July.