Economics

Australia Sees Higher Iron Ore Earnings on China-Fueled Boom

  • Government upgrades FY21 ore forecast to $100 on China demand
  • Global economic rebound is boosting appetite for commodities
Photographer: Ian Waldie/Bloomberg
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Australia upgraded its forecast for earnings from mining and energy exports in the 2021 financial year as booming iron ore prices boost the coffers of the world’s top producer.