Iron ore price rise builds excitement for Australian exports

From australianmining.com.au

The Australian Government’s outlook for commodities export earnings has attracted excited analysis as iron ore prices continue to ascend. The iron ore price jumped as high as $US123.65 ($177.60) a tonne this morning, at a time when Australia has cemented its status as the world’s largest supplier of the commodity during a time of global supply issues. The Department of Industry, Innovation and Science’s latest Resources and Energy quarterly for the three-month period ending June 30 has shown that commodity earnings were estimated to reach $275 billion in 2018–19 and $285 billion in 2019–20. Iron ore led the ... (full story)