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Australia's Resource Exports to Drop 6% Amid Global Shifts

3/31/2025

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Summary

Story summary

Australia's resource and energy commodity exports are set to decrease by 6% to A$387 billion in 2024-25.
Long-term projections indicate a further decline to A$343 billion by June 2030 due to global demand and trade tensions.
Iron ore, coal, and LNG earnings are expected to drop, while copper demand may rise with renewable energy growth.
Gold prices are likely to stabilize as geopolitical risks boost demand for safe-haven assets.

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Story summary

Australia's resource and energy commodity exports are set to decrease by 6% to A$387 billion in 2024-25.
Long-term projections indicate a further decline to A$343 billion by June 2030 due to global demand and trade tensions.
Iron ore, coal, and LNG earnings are expected to drop, while copper demand may rise with renewable energy growth.
Gold prices are likely to stabilize as geopolitical risks boost demand for safe-haven assets.