- Surging global demand for commodities, including iron ore, copper, lithium, aluminium, gold, and silver, is triggering their prices to touch new highs.
- The rise in commodity prices has also reflected in the share prices of the related space players.
- Many ASX-listed companies from the metals & mining space have recently touched their all-time highs.
The commodity market has been on toe since the second half of 2020. Several commodities, including iron ore, lithium, gold, copper, and silver, have been trading at new highs. The rise in commodity prices has also reflected in the share prices of companies engaged in the related space.
Here in this article, we are discussing 10 companies that have touched their all-time high recently. The objective is to give readers an idea of how much these companies’ share price has appreciated in the last one year and their exposure to the commodity market.
BHP Group Limited
ASX behemoth BHP Group (ASX:BHP) is a diversified resource and energy company engaged in the exploration and production of a wide range of commodities, including iron ore, petroleum, copper, coal and nickel. The base metals are in demand, and their prices are soaring higher. WTI and Brent crude have crossed US$70/bbl and showing strength at this level.
Interesting read: FMG, BHP, and RIO Fly High on Soaring Iron Ore Prices
In May this year, the mining major reached its all-time high of AU$51.8 on the ASX. BHP has given a handsome return of 36% in the last one year to its shareholders, and the company has a market cap of AU$146.29 billion as of 9 July 2021.
Rio Tinto Limited
Diversified heavyweight mineral explorer Rio Tinto (ASX:RIO) has a portfolio of assets focused on base and precious metals, including iron, copper, aluminium, lithium, and boron assets worldwide. The stock achieved its lifetime high in May 2021, touching AU$132.94. The stock has given a return of 32% in the last one year, and the company has a market cap of AU$46.85 billion, as of 9 July.
Fortescue Metals Group Limited
Fortescue Metal Group Limited (ASX:FMG) is one of the largest producers of iron ore in Australia. The company’s share price has performed well in the last three years. It reached an all-time high of AU$26.4 from AU$4 per share in the last three years.
FMG has a market cap of AU$73 billion, and in the last one year, the stock has given a return of ~60%.
Grange Resources Limited
One of Australia’s premier iron ore pellets producers, Grange Resources Limited (ASX:GRR) made a high of AU$0.743 on 8 July 2021, before settling down to AU$0.72. The company is engaged in magnetite iron ore extraction from the Savage River Project.
Grange has given 190% return in the last one year to its shareholders.
Galaxy Resources Limited
Aspiring lithium producer and developer Galaxy Resources Limited (ASX:GXY) has a well-diversified lithium asset portfolio spread across three continents. The company operates hard-rock Mt Cattlin spodumene project in WA. It is a mature operation and has achieved stable production.
Galaxy also operates the Sal De Vida lithium brine project in Argentina and the James Bay spodumene project in Canada.
The shares of GXY made a high of AU$4.17 on 5 May 2021. As of 9 July 2021, the company has a market cap of AU$1.95 billion.
Mineral Resources Limited
Innovative mining services company Mineral Resources Limited (ASX:MIN) is engaged in multiple commodity exploration and production, including iron ore and lithium. The company has transitioned from service to owning and operating commodity projects.
MIN touched its all-time high of AU$58.17 on 8 June 2021 and has given an excellent return of 153% in the last one year.
Peregrine Gold Ltd
Peregrine Gold Ltd (ASX:PGD) holds rights to tenement packages spread over 636km2 area in the Pilbara region. The Pilbara Gold Project includes seven exploration licences which have a vast number of anomalies that are unexplored.
The shares of the company touched AU$0.475 on 9 July 2021, an all-time high, before sliding to AU$0.46. PGD has given a handsome return of 88% to its shareholders in the last one year.
Read here: 5 small cap ASX stocks to look at
Chalice Mining Limited
Chalice Mining Limited (ASX:CHN) is a precious and base metal explorer with projects including Pyramid Hill Gold Project (Victoria), Hawkstone Nickel Copper-Cobalt Project (West Kimberley) and Julimar Nickel –Copper –PGE Project (Avon region).
Chalice made its all-time high of AU$9.34 in the first week of June 2021.
Informative read: How to invest in gold stocks in Australia?
Pilbara Minerals Limited
Pilbara Minerals Limited (ASX:PLS) owns and operates one of the world’s largest hard-rock lithium projects in the Pilbara region. The Pilgangoora Project produces low-cost and high-grade spodumene. The company also owns two processing plants – Pilgan and Ngungaju to process the mined material.
The stock achieved its all-time high of AU$1.605 on 24 June 2021. In the last one year, PLS has given a 432% return to its shareholders.
BCI Minerals Limited
ASX-listed BCI Minerals Limited (ASX:BCI) touched an all-time high of AU$0.595 on 16 June 2021. The company has a diversified resource portfolio of salt, potash, and iron ore. The salt and potash business sits within the West Pilbara coast.
BCI earns iron ore royalty from iron ore production from the Iron Valley Mine.