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Record iron ore shipments in March: ABS | Hellenic Shipping News Worldwide

Record iron ore shipments in March: ABS The price of iron ore may be going through the roof, but it didn’t stop Australia shipping out a record quantity of the red metal in March. Australia recorded a goods trade surplus of $8.5 billion in March, according to preliminary figures released by the Australian Bureau of Statistics on Wednesday. Both exports and imports rose 15 per cent in the month. “Iron ore is the foundation of Australia’s export strength, accounting for 39 per cent of all March exports,” ABS head of international statistics Sean Crick said. A record $14 billion of iron ore was exported in March, up $2.5 billion from February.

Sean crickDan tehanAustralian bureau of statistics onAustralian associatedAustralian bureauMinister dan tehanஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் ஆன்ஆஸ்திரேலிய தொடர்புடையதுஆஸ்திரேலிய பணியகம்

Why you need iron ore in your investment portfolio

Australians can cash in on the China-driven iron ore boom without even having to buy the commodity used to make steel. Iron ore prices on Tuesday surged to a record high of $US193 a metric tonne, data from S&P Global Platts showed. The record was reached before the Australian Bureau of Statistics on Wednesday revealed a record $14billion worth of iron ore was exported in March - up $2.5billion or 21.7 per cent from February thanks to strong demand from China, Australia s biggest trading partner. Investors can cash in on the iron ore boom by buying exchange traded funds linked to the iron ore price, which has more than tripled since April last year with Brazil still yet to recover from the Vale tailings dam collapse two years ago.

Rio tintoNew south walesWestern australiaSean crickAndrew forrestJames taoAustralian bureau of statistics onAustralian securities exchangeAustralian bureau of statisticsAustralian bureauFortescue metalsPrime minister scott morrisonGlobal financial crisisAustralian securitiesரியோ டின்டோபுதியது தெற்கு வேல்ஸ்

Steaks and petrol push up consumer prices but COVID weighs on economy

Consumer prices lifted by a lower-than-expected 0.6 per cent in the March quarter despite sizeable increases in beef and petrol prices.

Australian bureau of statistics onAustralian bureauReserve bankஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் ஆன்ஆஸ்திரேலிய பணியகம்இருப்பு வங்கி

Steaks and petrol push up consumer prices but COVID weighs on economy

Steaks and petrol push up consumer prices but COVID weighs on economy
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.

Australian bureau of statistics onAustralian bureauReserve bankஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் ஆன்ஆஸ்திரேலிய பணியகம்இருப்பு வங்கி

Steaks and petrol push up consumer prices but COVID weighs on economy

Steaks and petrol push up consumer prices but COVID weighs on economy
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.