GRI

Commodity markets stabilising following disruptions

News Manufacturing & Supply Chain General Updates
Date: 20th Dec, 2024 Source: Department of Industry, Science, and Resources Country: Australia Original Source

Brief

On December 20, 2024, the Department of Industry, Science, and Resources released a forecast update on commodity markets. The report indicates that Australia's resources and energy export earnings are expected to decline due to falling prices for bulk commodities such as iron ore, coal, and LNG, with earnings projected to reach $372 billion in 2024–25 and further drop to around $351 billion in 2025–26.

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Department of Industry, Science, and Resources

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