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Australia Trims Outlook for Commodities Peak as Prices Weaken

  • Value of energy, mining exports seen at A$281.6b in 2019-20
  • Sector faces prospect of softer demand, rising supply: govt.
QR National Coal Freight Trains & Coal At Port Of Newcastle
Photographer: Ian Waldie/Bloomberg

Australia’s earnings from mining and energy exports are projected to peak by the middle of next-year, though weaker raw materials prices and waning demand have trimmed the forecast high, according to the Department of Industry, Innovation and Science.