Iron ore practically saved our economy from a recession single-handedly. And now, in 2020, we’re seeing iron ore do it again. We can pretty safely state that we’re in the midst of another boom. So…
All the Latest Iron Ore News and Developments
Australia is the largest iron ore producer in the world. Iron ore is Australia’s biggest export earner. In 2014 it contributed around $75 billion in export revenues, providing a major source of income for the country.
Why Iron Ore Prices Just Fell 3.1% Is Important — It’s Australia’s #1 Export
Iron ore is Australia’s number one export. Australia is the world’s iron ore powerhouse, with Brazil a close second. If iron ore prices fall below that and keep falling this is bad news. It will have a big effect on the Australian governments bottom line…