Reported 3 days ago
Australia has raised its forecast for commodity export income this year to A$387 billion, a 4% increase from previous estimates, but it anticipates a drop to A$343 billion by 2030 due to lower global demand and diminishing prices. While iron ore, coal, and LNG incomes are expected to decrease significantly, copper is projected to see a 7% annual growth. The report also notes potential geopolitical impacts on trade and supply chains amid ongoing trade tensions.
Source: YAHOO