If you're wanting to invest in the mining sector but aren't keen on stock picking, then exchange-traded funds (ETFs) could be the answer.
They provide investors with easy access to large groups of shares with a single click of a button.
Two popular ASX ETFs that offer exposure to the mining sector are listed below. Here's why they could be worth considering:
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Betashares Global Uranium ETF (ASX: URNM)
The first ASX ETF to look at buying this week is the Betashares Global Uranium ETF.
As you might have guessed from its name, it provides investors with access to the global uranium industry.
This could be a great place to be over the next decade because countries across the globe are now embracing nuclear power again as part of the decarbonisation megatrend.
This is expected to lead to a surge in demand for uranium over the next couple of decades, which bodes well for the price of the chemical element.
Among the ASX ETF's holdings are ASX listed uranium shares including Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
Another ASX ETF to look at buying for mining sector exposure is the ETFS Battery Tech & Lithium ETF.
It provides investors with access to the major players in the electric vehicle, battery technology, and lithium mining industries. This is another area of the market that looks set to benefit greatly from the decarbonisation of the planet.
The ETFS Battery Tech & Lithium ETF invests in companies throughout the lithium cycle. This includes the likes BYD, Pilbara Minerals Ltd (ASX: PLS), Renault, and Tesla. And with its units down approximately 20% since the end of June, now could be an opportune time to make a long-term investment.
