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Australia Sees Commodities Boom Lifting Exports to Fresh Record

  • Income set to rise 3.5% in year through June before dropping
  • Energy commodities benefiting as nations avoid Russian supply
An empty coal train heads towards the coal mines outside of Singleton, New South Wales, Australia.

An empty coal train heads towards the coal mines outside of Singleton, New South Wales, Australia.

Photographer: Brendon Thorne/Bloomberg

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Australia’s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation’s coal and natural gas.