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Gold Set to Surpass LNG as Australia’s Top Export

10/7/2025

34 3 Full Breakdown

Summary

Story summary

Australia expects gold to surpass Liquefied Natural Gas (LNG) as its second-most valuable export, A$60 billion in 2025-26.
Gold prices rose to a record US$3,976 per ounce, driven by geopolitical instability.
Total resources and energy earnings are projected at A$369 billion for 2025-26, down from A$385 billion in 2024-25.
Iron ore remains top export at A$113 billion despite price decline.

History

Historical Context

The Australian Gold Rush began in 1851 when Edward Hargraves discovered gold near Bathurst, leading to a massive influx of immigrants and economic transformation. By 1852, gold exports reached A£3 million, significantly boosting infrastructure and the economy. This period laid the foundation for Australia's ongoing reliance on mineral wealth, with gold projected to become the second-most valuable export after Liquefied Natural Gas.

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Story summary

Australia expects gold to surpass Liquefied Natural Gas (LNG) as its second-most valuable export, A$60 billion in 2025-26.
Gold prices rose to a record US$3,976 per ounce, driven by geopolitical instability.
Total resources and energy earnings are projected at A$369 billion for 2025-26, down from A$385 billion in 2024-25.
Iron ore remains top export at A$113 billion despite price decline.

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