Data
Energy stocks: mining stock prices skyrocket during the pandemic
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GlobalData’s stock index analysis shows that leading mining company stock prices rose by 275% during the Covid-19 pandemic.
Mining emerged as the clear winner among the energy sectors during the pandemic, vastly outperforming power and oil and gas.
The rise in commodity demand and prices over the past year has created an extremely positive outlook for miners, which is reflected in a spike in mining stock prices over the past year. GlobalData’s index of leading mining company stock prices rose by 275% from 23 March 2020 to 12 May 2021 as commodity prices drove higher profits.
Stocks in power and oil and gas, meanwhile, have gradually recovered to pre-pandemic levels after taking a significant dive in March 2020.
