Economics
Iron Ore Set to Drive Australia’s Resources Earnings to Record
- Mining and energy export revenue to hit peak in fiscal 2021
- Nation looking to expand in battery minerals for future growth
Sunlight catches a freight train carrying iron ore from mine to port in Australia.
Photographer: Ian Waldie/Bloomberg
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The global economic recovery is set to drive Australia’s resources earnings to an all-time high this financial year, led by number one export iron ore, while rapid growth in the production of battery minerals will see them challenge coal in importance in coming years.