ASX Mining Stocks Hitting 52-Week Highs
Several ASX mining companies reached 52-week highs on 6 January as rising commodity prices and improving market sentiment drove renewed investor interest.
Liontown Limited (ASX: LTR)
surged over 14% on Tuesday and on 22 December 2025, it announced the successful completion of open pit mining at the Kathleen Valley Lithium Operation with a planned transition to a fully underground mining operation.
The company also announced the execution of an offtake agreement with Canmax for the supply of 150,000 wmt per year of spodumene concentrate across 2027 and 2028.
Underground mining ramp up accelerated as ore mined increased by 105% quarter-on-quarter to 225 thousand tonnes during the September quarter while the company recorded quarterly revenue of $68 million.
The company ended the quarter with $420 million in cash and this accelerated underground expansion supports a pathway towards a 1.5 Mtpa run rate by Q3 FY26 and to 2.8 Mtpa from FY27.
Alcoa Corporation (ASX: AAI)
jumped by 6.9% on Tuesday and had a great September quarter as sales were almost US$3 billion while net income increased to US$232 million compared to US$90 million last year.
Aluminium sales reached US$2.07 billion for the quarter and the balance sheet strengthened as cash and cash equivalents rose to US$1.48 billion from US$1.13 billion at the end of last year.
The company operates across the aluminium value chain through the production and development of bauxite, alumina and aluminium.
Alcoa expects global aluminium demand to benefit from electrification and renewable energy trends alongside a continued focus on operational efficiency and disciplined capital management.
Pilbara Minerals Limited (ASX: PLS)
rose by 9.5% on Tuesday supported by a bullish narrative in the lithium sector while the company continued to show solid operational momentum as the September quarter marked a strong financial start to the year.
Quarterly revenue grew by 30% from the prior quarter to $251 million and the company ended the quarter with a solid cash balance of $852 million.
Production increased to 224.8 kt which was up 2% quarter-on-quarter while sales of 214 kt were achieved at a higher average realised price.
Drilling and optimisation work at the Colina Project in Brazil continues to progress with updated results targeted for the June quarter 2026 while feasibility studies for the P2000 expansion that could lift Pilgangoora capacity beyond 2 Mtpa are expected to be completed in FY27.
(Source: Company Reports)
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