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Aussie commodity boom set to continue

Posted on 03 March 2011

From Ninemsn.com.au: Contract prices for iron ore, thermal coal and coking coal, the three commodities crucial for fuelling Asia’s power stations and steel mills, are likely to rise to record or near-record levels this year, according to Australia’s respected national resources forecaster.
The price rises for the bulk commodities, Australia’s three most important export commodities, will help deliver a 24 per cent rise in the country’s export income in the 12 months to June 2010, followed by a 14 per cent increase the next year, the Australian Bureau of Agriculture and Resource Economics and Sciences said in its quarterly report…………………………………….Full Article: Source


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