Record export earnings tipped from resources

Australia’s resource and energy export earnings are forecast to hit a record $278 billion in 2018-19, fuelled by surging liquefied natural gas, iron ore and coal prices, making those industries responsible for more than half of the nation’s total export value.

The Australian reports that according to the latest estimates from the Department of Industry, the good times are set to keep on rolling into the next financial year as Australian resource commodity producers gain from supply constraints for our major competitors that will further bolster prices.

While China remains an important customer for our resources, India is emerging as a key buyer.

Read the full story