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Australia’s commodity forecaster sees 2013 iron ore exports up, prices down

Posted on 27 June 2013

The Australian government’s commodities forecasting unit has upgraded the amount of iron ore it expects the country to export this year but downgraded its prediction for metallurgical coal exports in its latest quarterly report released Wednesday.
Canberra-based Bureau of Resources and Energy Economics now expects Australian iron ore exports to reach 571 million mt in 2013, compared with a forecast of 554 million mt in its March report. This would be 16% higher than the 494 million mt of iron ore exported from Australia in 2012, due largely to increased production from Rio Tinto, BHP Billiton and Fortescue Metals Group………………………………………..Full Article: Source


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