The S&P/ASX 200 Index (ASX: XJO) is up 0.2% in afternoon trade on Thursday, with these four ASX 200 stocks breaking into new 52-week-plus highs.
Three of the large-cap shares are miners while the fourth is in the real estate sector.
Here's what's happening
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ASX 200 stocks notching new 52-week-plus highs
The first company breaking into new multi-year-high territory today is Lynas Rare Earths Ltd (ASX: LYC).
At the time of writing, shares in the rare earths miner are up 2.4%, trading for $16.93 each.
This sees shares in the ASX 200 stock up 123.7% in a year. And it marks the highest Lynas share price since August 2011.
The Lynas share price has been catching tailwinds from the West's pursuit of critical rare earths elements that are not controlled by China, which remains the dominant global source of rare earths today.
The second and third ASX 200 stocks rocking new 52-week-plus highs today are both focused on copper.
Sandfire Resources Ltd (ASX: SFR) shares are up 8.2% in afternoon trade, changing hands for $13.73 apiece. That sees the Sandfire share price up 36.9% since this time last year.
And it marks a new all-time high for Sandfire shares.
Capstone Copper Corp (ASX: CSC) is also enjoying a strong run today.
Shares in the copper miner are up 8.8% at the time of writing, trading for $12.25 each. This sees the Capstone Copper share price up 7.6% in a year.
And it also marks a new all-time high for the Capstone Copper share price since the miner began trading on the ASX in April 2024.
Both ASX 200 stocks are catching tailwinds today from the surging copper price. The red metal is up 3.6% and trading for US$10,336.50 per tonne on the London Metal Exchange (LME).
As the Motley Fool's Cameron England reported this morning, copper prices and ASX 200 copper stocks surged after the United States-based Freeport-McMoran Inc (NYSE: FCX) mining giant reported that its Grasberg Block Cave Mine in Indonesia will remain out of action for some time yet. This follows the tragic 8 September mudslide that killed at least two people, with five employees still unaccounted for.
Freeport expects a 4% decrease in its third-quarter copper sales. The miner also spooked markets when it noted, "Sufficient information is not currently available to forecast future production estimates."
Which brings us too…
What other ASX share is smashing new one-year-plus highs?
Moving away from the mining sector, Centuria Industrial REIT (ASX: CIP) is also hitting new 52-week highs today.
Shares in the industrial real estate investment trust (REIT), which holds a portfolio of industrial assets across Australia, are up 1.0% in afternoon trade at $3.57 apiece. That marks the highest share price since March 2024.
And it sees the CIP share price up 7.1% in 12 months. Atop those share price gains, the ASX 200 stock also trades on a 4.6% unfranked trailing dividend yield.
