It’s no secret the ASX – like Australia itself – is home to a multitude of mining companies. And cream-of-the-crop mining shares are often found on the S&P/ASX 200 Index (ASX: XJO).
The ASX 200 has had a good run so far this year. It’s currently 10.03% higher than it was at the start of this year. It’s been boosted again today, with the ASX 200 gaining another 1.65%.
And these 3 mining shares are taking advantage of the ASX 200’s enthusiasm. They’re currently topping the list of the ASX 200’s best performing mining shares of 2021.
Which miners are leading the way?
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is leading the ASX 200 mining pack so far this year, having gained 68.10% year to date.
Currently, the Pilbara Minerals share price is $1.46.
Pilbara Minerals claims to be the ASX’s leading pure-play lithium producer, with operations near Port Hedland, Western Australia. The company also produces tantalum – a metal often used in alloys and as a filament due to its high strength and melting point.
It has a market capitalisation of around $3.9 billion, with approximately 2.9 billion shares outstanding.
Champion Iron Ltd (ASX: CIA)
Champion Iron shares are currently swapping hands for $6.48 – 34.54% more than they were at the start of 2021.
The company is – you guessed it – an iron miner. It has a number of operations in Québec, as well as one in Canada’s Newfoundland and Labrador.
The company has a market capitalisation of around $3.1 billion, with approximately 506 million shares outstanding.
Lynas Rare Earths Ltd (ASX: LYC)
The Lynas Rare Earths share price is also up there, having gained 28.23% since the start of this year.
Its shares are currently trading for $5.36 apiece.
As its name suggests, Lynas is a rare earth miner. It has rare earth assets in Australia and a manufacturing facility in Malaysia.
Lynas has a market capitalisation of around $4.9 billion, with approximately 901 million shares outstanding.
The post The top performing ASX 200 mining shares of 2021 appeared first on The Motley Fool Australia.
Should you invest $1,000 in Pilbara Minerals Ltd right now?
Before you consider Pilbara Minerals Ltd, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pilbara Minerals Ltd wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of May 24th 2021
More reading
- Here are the best performing ASX 200 tech shares so far in 2021
- ASX 200 up 1.3%: Soul Patts-Milton merger, IGO jumps
- 3 top ASX shares in sector selling at 30% discount: expert
- Iluka (ASX:ILU) share price jumps even as it pours water on M&A rumours
- 5 things to watch on the ASX 200 on Tuesday
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/3xEo5Rd
Leave a Reply