Latest Alumina News
Sep 15, 2021
Why these two Aussie miners in different industries are on fire right now Ken is a big believer in the power of dividends in building a strong financial future. He has a keen interest in economics and the power of markets in driving change in the world. In his spare time he loves to meet new people, watch sports and help others build their best financial future! You can view Ken's holdings here . Latest posts by Ken Hall ( see all ) Image source: Getty Images ASX mining shares have shared mixed fortunes in 2021. BHP Group Ltd (ASX: BHP) shares have slipped 5% lower this year while Pilbara Minerals Ltd (ASX: PLS) shares have surged 185% higher. Of course, investors need to be comparing apples to apples when analysing the resources sector. That’s because underlying commodity prices can have an enormous impact on valuations at any given point. Having said that, there are two ASX mining shares worth watching right now. That’s because both of these companies have seen their market values surge more than 25% in the past month. 2 ASX mining shares up 25% in the past month The Whitehaven Coal share price has climbed 32.3% higher in the past month . Shares in the Aussie coal miner have been charging higher on the back of strong coal prices in China. Premium hard coking coal prices are climbing, according to Fastmarkets MB , which comes after a weaker than expected full-year result for Whitehaven. Whitehaven reported a 9.3% drop in revenue to $1.56 billion in FY21 and a net loss after tax before significant items of $87.3 million. However, the recent surge in coal prices is boosting the ASX mining share higher right now. It’s not just coal that’s doing well at the moment. Alumina shares have climbed 25% higher in the past month despite no recent announcements from the alumina refinery and bauxite mining investor. Perhaps unsurprisingly, a strong rally in alumina prices is helping drive the latest gains. According to Fastmarkets MB , alumina prices surged 10% on Thursday, September 9 to their highest point since April 2019. Freight disruptions and tightening supply have helped boost prices which is good news for the ASX mining share. Alumina owns a 40% stake in the Alcoa World Alumina and Chemicals (AWAC) joint venture alongside global aluminium heavyweight Alcoa Corp (NYSE:AA). The Alumina share price is on the tear right now and is having a solid run in August and September. Wondering where you should invest $1,000 right now? When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. * Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.