20.03.2013 - Australia sees higher commodity exports, lifts iron-ore estimate
Australia, the world’s biggest shipper of iron ore, expects to earn more from the export of minerals and energy resources next fiscal year after raising its price forecast for the steelmaking raw material. The value of exports may total A$205 billion ($213 billion) in the year ending June 30, 2014, the Canberra-based Bureau of Resources and Energy Economics said in a report today. Export earnings may be A$186 billion in the year ending June 30, it said. The bureau expects iron ore prices to average $119 a ton in 2013, compared with a December estimate of $106 a ton...............................................Full Article: Source
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