Investors should resist buying the ASX’s mining behemoths despite their cheap valuations because the sector will be hit by subdued global economic growth and softening commodity prices this year, Citi warns.

This would inflict further pain on Australia’s mining sector, which is still reeling from a turbulent 2024 that saw the S&P/ASX 200 Resources Index sink 17 per cent and underperform the broader sharemarket by 27 per cent.