Iron ore prices set to steel Federal Budget against bigger deficit blowout – ABC News

There is no way to dig next week’s budget out of its COVID-19 recession black hole, but Australia’s iron ore miners have done their best to prop up one source of Government revenue.
Key points:

• Iron ore prices have risen by about 30 per cent since the start of the year
• Vivek Dhar from CBA says the Government’s price forecasts were conservative
• Prices are expected to moderate once Brazil ramps up production again, after a series of disruptions

It is not so muc…

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