From Yahoo Finance: 2025-03-30 09:01:00

Australia has increased its forecast for commodity exports to A$387 billion this year, up 4% from previous estimates. However, exports are expected to drop to A$343 billion by 2030 due to lower global demand. The weaker Australian dollar and higher iron ore and LNG prices are driving the revisions.

Export volumes are predicted to remain stable, but income from iron ore, coal, and LNG is expected to decrease by 40%. Copper is the exception, with volumes and income projected to rise by 7% annually. Thermal coal prices are set to decline to A$98 a ton by 2030, while new LNG supply will lower prices to $9 a million Btu.

Gold prices are expected to stay high due to strong demand, while iron ore prices may fall as global supply increases. Trade wars could impact global growth, leading to geopolitical tensions and increased commodity price volatility. The full impact on the world economy from trade barriers is yet to be seen.



Read more at Yahoo Finance: Australia Raises Forecast Commodity Export Income for This Year