Business
How to get the best out of the 2021 mining boom
The second best performing ASX sector this year is well placed to take the top position in 2021.
I am talking about the Materials sector, which is dominated by ASX mining stocks. This group rallied nearly 13% in 2020 when the S&P/ASX 200 Index (Index:^AXJO) is struggling to reach breakeven.
Only the ASX Technology sector is beating Materials. This is largely due to to the big surge in the Afterpay Ltd (ASX: APT) share price and Xero Limited (ASX: XRO) share price.
ASX miners to outperform ASX tech stocks?
But while the outperformance of ASX tech stocks have pushed these stars into the valuation stratosphere, many ASX miners are still looking cheap.
It’s for this reason I think mining stocks will overtake tech stocks in 2021,…
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