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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 o…
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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