Scores of ASX mining shares hit 52-week highs

ASX mining shares are dominating a long list of stocks hitting 52-week highs following a strong lead from Wall Street overnight.

Materials and energy shares are leading the ASX as the world continues the assess the implications of the US military raid on Venezuela.

Over the weekend, US forces attacked the country, which has the world’s biggest oil reserves.

Soldiers captured President Nicolás Maduro and his wife, who were then flown to New York to face narco-terrorism charges.

The Dow Jones Industrial Average Index (DJX: .DJI) ripped almost 600 points overnight to close at a new record high of 49,209.95 points.

Meanwhile, on the ASX today, materials shares are leading with a 1.6% gain as investors buy more gold, silver, copper, and lithium stocks.

ASX energy shares are up 0.5% as investors ponder the potential rebuilding of Venezuela’s oil infrastructure and boosted production.

Today, the Brent Crude oil price is down 0.2% to US$61.63 per barrel, while gold is up 0.4% to US$4,465 per ounce.

The silver price is up 1.26% to US$78.75 per ounce, and copper reached a new record of US$6 per pound, up 1.3%.

Here is a selection of ASX mining shares hitting new one-year high prices today.

ASX mining shares reaching new price milestones

Several major diversified miners hit new 52-week peaks today.

The BHP Group Ltd (ASX: BHP) share price rose 1.9% to a 52-week high of $47.37.

The Rio Tinto Ltd (ASX: RIO) share price increased 2.5% to a 52-week high of $153.26.

South32 Ltd (ASX: S32) shares rose 4.1% to a 52-week peak of $3.81.

The Mineral Resources Ltd (ASX: MIN) share price rose 2.3% to a 52-week high of $57.10.

Several ASX gold shares and silver shares also ascended to new highs today.

The Vault Minerals Ltd (ASX: VAU) share price increased 2.7% to a 52-week high of $5.76.

Bauxite and alumina producer Alcoa Corporation CDI (ASX: AAI) lifted 8.2% to a 52-week high of $91.50 per share.

Bellevue Gold Ltd (ASX: BGL) shares lifted 4% to a 52-week high of $1.80.

The Regis Resources Ltd (ASX: RRL) share price lifted 2.6% to a 52-week high of $7.84.

Silver Mines Ltd (ASX: SVL) shares rose 4.3% to a 52-week high of 24 cents.

ASX lithium shares also hit new price thresholds.

The PLS Group Ltd (ASX: PLS) share price rose 6.3% to a 52-week high of $4.70.

Shares in lithium and nickel producer IGO Ltd (ASX: IGO) increased 4.1% to a 52-week high of $8.65.

Core Lithium Ltd (ASX: CXO) shares rose 3.4% to a 52-week peak of 30 cents per share.

ASX copper shares were also in the mix after the red metal hit a record US$6 per pound.

Stock in the market’s largest pure-play copper miner, Sandfire Resources Ltd (ASX: SFR), rose 5.3% to a 52-week high of $19.43.

The Liontown Ltd (ASX: LTR) share price lifted 10.7% to a 52-week high of $1.87.

Capstone Copper Corp CDI (ASX: CSC) shares lifted 4.8% to a 52-week high of $15.85.

Hot Chili Ltd (ASX: HCH) shares rose 13.3% to a 52-week high of $1.70.

The post Scores of ASX mining shares hit 52-week highs appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in Alcoa, BHP Group, Core Lithium, and South32. 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.