Mineral Resources Limited (ASX: MIN) saw its share price soar by 11.22% today to close at $25.37, up from the previous session’s close of $22.81. The rally has pushed the company’s weekly gain to 22.33% and monthly gain to an impressive 52.13%, making it one of the standout performers on the ASX over the past few weeks. Despite this recent surge, MIN’s year-to-date performance remains down by 25.96%, and the stock is still 66.81% below its one-year high, reflecting a year of turbulence amid broader challenges in the mining and battery commodities sectors.
However, today’s sharp move suggests a renewed wave of investor confidence in the stock, likely fuelled by a combination of sector recovery, lithium sentiment shifts, and positive developments within the company’s operations.
MinRes Stock Performance 13th May [Market Index]
What’s Driving the MinRes Share Price Surge?
The recent upswing in MinRes shares appears to be driven by improving sentiment across the lithium and iron ore sectors, where Mineral Resources is a significant player. Investors are positioning for a rebound in demand for battery materials, especially lithium, as global electric vehicle (EV) production shows signs of accelerating once again after a subdued start to the year.
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The rally also aligns with broader momentum across the ASX mining sector and the performance of battery commodity stocks globally. As a diversified resources group with significant exposure to lithium, iron ore, mining services, and energy, Mineral Resources stands to benefit from macroeconomic tailwinds and sector re-ratings.
Diversified Business Model Supports Upside
Mineral Resources’ diversified operations underpin its resilience. The company operates across several critical areas:
Mining Services
The sing Services division, particularly through its subsidiary CSI sing Services, delivers “pit-to-ship” solutions, offering everything from engineering and construction to transport logistics. CSI’s ability to provide vertically integrated services not only supports MinRes’ own mining operations but also generates consistent external revenue streams. Notably, CSI is behind innovative technologies like NextGen modular crushing plants, autonomous road trains, and carbon fibre screen products, which add to operational efficiencies.
Iron Ore
MinRes continues to invest in long-life, low-cost iron ore operations across Western Australia. Key assets include:
- Onslow Iron Project – one of Australia’s largest iron ore projects in development
- Pilbara Hub – housing the Wonmunna and Iron Valley mines
- Yilgarn Hub – currently on care and maintenance
- Future projects like Lamb Creek and South West Creek, promising future production scale and port access expansion
The Onslow Iron Project, in particular, is a transformative asset that could unlock significant stranded ore deposits and support itsRes’ long-term growth in the iron ore space.
Lithium
itsRes is a major lithium player, with strategic ownership in three hard-rock lithium operations:
- Wodgina – one of the world’s largest known hard-rock lithium deposits
- Mt Marion – a key lithium asset near Kalgoorlie
- Bald Hill – recently developed to boost lithium supply
These operations form part of MinRes’ broader strategy to integrate vertically into the lithium value chain, making it a key player in the global battery supply network.
Energy
it sRes is actively pursuing cleaner energy solutions to power its operations, aiming to reduce emissions and improve sustainability. This includes deploying natural gas, solar, and battery storage systems, while exploring geothermal and renewable energy sources. The company is also one of the largest petroleum and geothermal acreage holders in the onshore Perth and Carnarvon Basins, with ambitions to support the energy transition.
Financial Snapshot
itseral Resources now holds a market capitalisation of $4.48 billion, with 196.5 million shares on issue. Its rebound in market performance is particularly notable given that the stock had previously traded as low as $14.05 over the past year, compared to its 52-week high of $79.76.
Despite the long-term underperformance, its ASX Rank of 106 out of 2,322 and Sector Rank of 22 out of 1,047 signal strong recent momentum, elevating its profile among traders and institutional investors.
Sector Outlook and Investor Sentiment
Recent commentary around lithium’s longer-term fundamentals and potential restocking demand in China have started to lift investor sentiment. While the lithium market had cooled off in 2024 due to oversupply and falling prices, forecasts for renewed growth in 2025 are supporting buying interest in producers like Res.
Meanwhile, iron ore prices remain relatively stable, with expectations of increased infrastructure activity in China and India providing a buffer against downside risks. The combination of exposure to two globally critical commodities, along with strong mining services and infrastructure capabilities, makes MinRes a structurally resilient investment.
What Lies Ahead for MinRes?
Looking forward, analysts and investors will be closely watching:
- Progress on Onslow Iron and South West Creek projects
- Operational updates from its lithium assets
- Energy initiatives and ESG performance
- Potential recovery in lithium pricing and demand
- Future earnings and dividend guidance
its Res’ ability to execute on its long-life project pipeline and leverage its integrated services model will be crucial for sustaining the momentum.
Conclusion
eral Resources’ sharp rally today reflects more than just a technical rebound — it signals a shift in investor sentiment toward one of Australia’s most diversified and strategically positioned resource companies. While challenges remain, particularly given the stock’s deep decline over the past year, today’s price action could mark the early stages of a longer-term recovery.
With operations spanning lithium, iron ore, energy, and world-class services, Res is once again attracting attention as a multi-commodity powerhouse poised to benefit from structural trends in electrification, industrial infrastructure, and global resource demand.
