Iron ore boom signals terms-of-trade moon shot macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Australia s iron ore exports to China are expected to crash in coming years - and it has nothing to do with the trade war.
The commodity used to make steel is by far Australia s biggest export with $12.5billion worth of the material sold overseas in December alone, as monthly sales to China rose 21 per cent.
Iron ore prices have also more than doubled since April last year, as China bought substantially more from Western Australia s Pilbara region to drive its Covid recovery.
Despite that, Oxford Economics is forecasting a sharp drop in iron ore exports from later this year as China seeks to make more steel from scrap metal for environmental reasons.
Aussiesâ world-beating virus habit revealed A global survey has listed Australia as the biggest drinkers during COVID-19 while a large number of Aussies also said they gained weight.
Health by Evin Priest 28th Jan 2021 12:25 PM Australia tops a list of nations whose citizens admit they have consumed more booze than normal due to COVID-19 restrictions, an international survey has found. Global market research company Ipsos has conducted an online survey of more than 22,000 people across 30 countries that found 21 per cent of Australians conceded they consumed more alcohol during the pandemic. The figure is more than double the 10 per cent average of survey respondents from other nations who said they drank more grog.
CANBERA (dpa-AFX) - Asian stock markets are in negative territory on Thursday following the overnight sell-off on Wall Street amid concerns about excessive stock valuations and as the Federal