- Commodities are on the move with no signs of slowing down.
- The Australian resources index has gained more than 27% in the last one year amid booming commodity prices.
- Many ASX-listed resource space players have delivered excellent returns.
Most of the commodities have gone through the roof over the last one year. The rally in prices of copper, iron ore, nickel, lithium, crude oil, precious metals, and many other commodities is a sign of rebounding global growth.
Strong COVID-19 vaccination programs coupled with robust economic activities across the leading economies including Europe, China, Japan, and the US have pushed commodity prices to the next level.
Source: © Welcomia | Megapixl.com
Good Read: Which are the best stocks under 50 cents?
This is the largest commodity boom after 2004, when the voracious Chinese demand lifted the prices of almost all commodities. However, the boom didn't last long and ended after the 2008 financial crisis and the onset of the shale revolution.
Fast forwarding, commodities are back in the form. However, the question is whether the boom is here to stay, or this is a temporary snapback.
The S&P/ASX 200 Resources index has gone up by as much as 0.91% to 5,493.40 on 30 June 2021. The index gained more than 27% in the last one year.
On that note, let us have a look at 10 stocks from the resources sector that have gained close to 6x in the last one year.
Magnetite Mines Limited
Development-stage company Magnetite Mines Limited (ASX:MGT) is focused on advancing its iron ore project in Australia’s emerging iron ore mining region, Braemar.
The 3.9 billion tonne (JORC 2012) Razorback High-Grade Iron Ore Concentrate Project is surrounded by 1,722km2 of mineral exploration tenements.
The shares of the company have delivered an astonishing return of 2,533% in the last one year as of 30 June, on the back of iron ore price rally.
Also Read: How to pick good iron ore stocks?
Mindax Limited (ASX:MDX) is an emerging mining company with an impressive portfolio of iron ore and gold projects in Western Australia. The company's Mt Forrest iron project sits within the Yilgarn province. The company has more than 1.7 billion tonnes of a JORC resource.
As of 30 June, MDX has given an implausible, one-year return of 2,233.33%.
Globe Metals & Mining Limited
Africa-focused resources space player Globe Metals & Mining Limited (ASX:GBE) has its flagship Kanyika Niobium project in Malawi, Africa. The project is intended to produce niobium and tantalum products.
The resources player has given an extraordinary return of 1,500% in the last 52 weeks as of 30 June.
Venturex Resources Limited
Venturex Resources Limited (ASX:VXR) is a rapidly growing base metal company focused on developing its flagship Copper Zinc Sulphur Springs Project in Western Australia. The company is also engaged in exploration activities across its Pilbara assets.
The stock has given a return of 1380.77% in the last one year as of 30 June amid high demand for base metals in the world.
Vulcan Energy Resources Limited
Source: © Allexxe | Megapixl.com
Vulcan Energy Resources Limited (ASX:VUL) is focused on developing the world's first, premium, battery-quality lithium chemicals with zero carbon footprint. The project sits within the upper Rhine Valley of Germany.
The stock has given a return of 1,262.83% in the last 52-week period as of 30 June 2021.
Also Read: 10 most-loved tech stocks on the ASX
Chalice Mining Limited
Chalice Mining Limited (ASX:CHN) is an Australia-based precious and base metal focused company. Its portfolio includes various projects in Australian terrains including Julimar Nickel-Copper-PGE Project in Avon Region, Pyramid Hill Gold Project in Victoria, and Hawkstone Nickel-Copper-Cobalt Project in west Kimberley.
As of 30 June 2021, the stock has given a 645.73% return in the last one year.
Renascor Resources Limited
Renascor Resources Limited (ASX:RNU) is an ASX-listed graphite and industrial metal player, aiming to produce sustainable and ethically sourced battery anode metals to meet the surging demand for batteries.
RNU shares have given a 655.56% return in the past 52-week period as of 30 June 2021.
Red Hill Iron Limited
Source: © Gavinp101 | Megapixl.com
Red Hill Iron Limited (ASX:RHI) is an Australia-focused mineral exploration company focused on gold, iron ore, and base metals in the Pilbara region of Western Australia. Its primary assets are Red Hill Iron Ore Joint Venture (RHIOJV) interest and wholly owned Pannawonica channel iron project along with non-ferrous metal exploration interests (100%) over the RHIOJV tenements.
As of 30 June 2021, the resources player has given a 513.33% return in the past 52-week period.
Aeris Resources Limited
Aeris Resources Limited (ASX:AIS) is a diversified exploration and mining company operating two assets including the Cracow Gold Operations in Queensland and the Tritton Copper Operations in New South Wales.
The stock has delivered a 490.91% return in the last one year, as of 30 June.
Pilbara Minerals Limited
Pilbara Minerals Limited (ASX:PLS) is an ASX-listed pure play lithium company with the world's largest and independent hard-rock lithium operation. The company is poised to become a major player in the rapidly growing lithium supply chain.
The shares of the company gave an astonishing return of 480% in the last one year.