Three ASX mining stocks that gained over 86% in last one year

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Three ASX mining stocks that gained over 86% in last one year

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Highlights

  • The mining sector is at the center of attraction because of the burgeoning demand for metals in the renewable energy sector.
  • Various ASX-listed miners have recorded record-breaking earnings in 2020 due to a solid economic recovery after pandemics.
  • The mining sector is attracting a lot of attention because of burgeoning demand for metals in the renewable energy sector.

With the world racing to transition from fossil fuels to low carbon energy systems, the global mining industry has entered a very significant phase. Currently, the mining sector is attracting a lot of attention because of burgeoning demand for metals in the renewable energy sector including solar, wind, and batteries.

The sector is poised to continue its growth in 2022 with rising demand for green energy and electric vehicles.

Also Read: Four ASX-listed mining stocks that have beaten FY21 guidance  

Here is a list of some popular metals and mining stocks that have more than 86% in 2021 and are expected to be under the limelight in the coming year too.

\-ASX Mining Stocks

Liontown Resources Limited

Liontown Resources Limited (ASX:LTR) is an Australia-based precious and base metal miner. In December, the company successfully completed an underwritten institutional placement of AU$450 million to accelerate the development at Kathleen Valley.

Additionally, the company also announced a Share Purchase Plan to provide eligible shareholders with an opportunity to acquire AU$30,000 at an issue price of A$1.65 per share.

Shares of the company have grown as much as 62.94% in the last six months and a massive 255.13% in the last one year.

Pilbara Minerals Limited

Pilbara Minerals Limited (ASX:PLS) is a leading pure-play lithium company that holds the world's largest hard-rock lithium operations in Western Australia. The miner has provided an update on its fully owned Pilgangoora Project. The miner is about to complete the Scoping Study for the Mid-Stream Product Demonstration Plant.

The company is also expected to host an investor update conference call covering the December Quarterly results on 31 January 2022.

Shares of the company have risen 68.59% in the last six months, with 1.58% gain coming in the last one month.

Lynas Rare Earths Limited

Lynas Rare Earths Limited (ASX:LYC) has released a significant update related to its Malaysian permanent disposal facility in December 2021. The approval removes a major risk for the company that it had been facing for a long time.

Must Read: Three ASX Blue chip gold stocks as yellow metal prices firm up

The company has undertaken a detailed assessment for the proposed PDF that contains a Radiological Impact Assessment, a Social Impact Assessment, and an Environmental Impact Assessment.

Additionally, the miner has recorded a quarterly sales revenue of AU$202.7 million in the last quarter with a closing balance of AU$674.2 million.

Shares of the company have zoomed in as much as 24.23% in the last six months.

Bottom Line

Various metals and mining stocks have grown significantly in the last one year amid high demand for metals as the world clambers to shift from fossil fuel to low carbon energy systems.

With the world racing to transition from fossil fuels to low carbon energy systems, the global mining industry has entered a very significant phase. Currently, the mining sector is attracting a lot of attention because of burgeoning demand for metals in the renewable energy sector including solar, wind, and batteries.

The sector is poised to continue its growth in 2022 with rising demand for green energy and electric vehicles.

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