- The commodity market is on fire with copper, iron ore, gold, aluminium and coal prices breaking their previous highs.
- Many metals & mining stocks on the ASX have been gaining traction amid the rising commodity prices.
- Lithium miner Vulcan Energy’s share price has gained more than 100 times from the March 2020 lows.
The metals & mining industry has been witnessing a commodity supercycle phase, driving the prices of base and precious metals to unprecedented levels. Iron, copper, aluminium, silver, and gold are trading at their multi-year high prices.
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Related read: Why is lithium space heating up?
The rising commodity prices are also being reflected in the share prices of the related-space players. In this article, we have compiled a list of five ASX miners, which gained more than 1000% on the ASX from March lows in 2020.
Vulcan Energy Resources Limited (ASX:VUL)
Vulcan Energy owns and operates a lithium brine resource in the Upper Rhine Valley in Germany. One of the largest in Europe, the resource has the potential to reduce Europe’s dependency on imported lithium for the electric vehicle market.
VUL is working towards the first Zero Carbon LithiumTM project in the world. Recently, the Company entered into a strategic partnership with German automobile manufacturer Renault Group for the supply of lithium for five years.
During the peak of the COVID-19 pandemic last year, the shares of VUL traded around ~AU$0.15. As of 17 August 2021 midday, VUL was trading at AU$13.2, which reflects ~8700% returns since March 2020. The Company has a market cap of AU$1.5 billion as of 17 August 2021.
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Renascor Resources Limited (ASX:RNU)
Renascor is a vertically integrated battery anode material producer. The Company owns and operates the Siviour Graphite Project in South Australia, which is the second largest graphite deposit in the world. The graphite mined from the Siviour deposit is planned to be processed at a state-of-the-art facility of the Company for manufacturing purified spherical graphite for the lithium-ion battery market.
Related read: 5 Hot Lithium (Li) stocks on ASX
The shares of the Company gained more than 1700% from the downs of the peak pandemic era. The stock was trading at AU$0.091 as of 17 August 2021 midday with a market cap of AU$185.99 million.
Element 25 Limited (ASX:E25)
Element 25 operates fully owned Butcherbird Manganese Project in Western Australia. The project has a resource of 260 Mt, making it the largest onshore manganese resource in Australia. The Company is planning to produce high-purity manganese product using renewable energy at the project.
During the peak of the pandemic last year, the shares of E25 traded at around ~AU$0.1. Since May 2020, the shares have been on a trajectory of growth. As of today, shares were trading at AU$1.8. The shares have delivered an impressive return of 1700% since last year. As of 17 August 2021, the Company has a market cap of AU$275.26 million.
Magnetite Mines Limited (ASX:MGT)
Focused on iron ore, the Adelaide-based mineral explorer operates the Razorback Iron ore Project in Braemar, Australia. Braemar is one of the emerging iron ore mining regions of the country. The Razorback project holds 3 billion tonnes of mineral resource and a probable ore reserve of 473 Mt.
Stock of Magnetite Mines has reached AU$0.034 from its lows of AU$0.001 during March 2020. The shares have gained nearly 3300% in the last 16 months. As of 17 August 2021, the Company has a market cap of AU$110.07 million.
Pursuit Minerals Ltd (ASX:PUR)
The diversified mineral exploration company is focused on the acquisition, exploration and development of PGE metals, base metals, and precious group metals. The Company has assets in Australia, Finland, Sweden, and Norway. The primary assets are the Warrior PGE-Ni-Cu-Project and the Gladiator Gold Project in Western Australia.
The shares of PUR have jumped 1933% from the March 2020 lows. The stock was trading at AU$0.061 on the ASX on 17 August 2021 midday. The Company has a market cap of AU$59.32 million.
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