Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
The recent pullback of the market has created some value opportunities. Out of all the healthy sectors in the global economy, the leading mining companies are some of the best bargains on the market. With P/E ratios all under 12, and earnings growth remaining high, the stocks are trading cheaply. Some concerns with the miners have been the expected falls in commodity prices due to a slower economy in the United States and inflation in emerging markets.
