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| ASX Mining Stocks |
Mining is a significant part of the Australian as well as the global economy. The raw materials miners produce are used in everything from skyscrapers and bridges to home appliances and smartphones. It makes certain metals and materials extremely valuable.
Benefits of Investing in Mining Shares
• As mentioned, mining is a fundamental part of the global
economy. It is one of the oldest industries across the globe and has helped
advance civilisations.
• Raw materials produced by miners are used by almost every
other sector of the economy. For instance, steel is essential to the
construction & manufacturing industries, and aluminium is significant to
build aeroplanes.
• Mining shares also offer diversification benefits for your portfolio. Hence, owning ASX defensive shares can help offset losses elsewhere in your portfolio during a share market correction or bear market.
Hopefully, you got the answer to your query, why should we invest in ASX mining stocks?