Australia’s resources exports break records amid global energy crisis

Australia News News

Australia’s resources exports break records amid global energy crisis
Australia Latest News,Australia Headlines
  • 📰 theage
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 77%

Australia’s mining and energy exports are expected to have hit a record high of more than $400b as the fallout from Russia’s invasion of Ukraine deepens global shortages of coal and natural gas and sends commodity prices soaring. | NickToscano1

Australia’s mining and energy exports are expected to have hit a record-high of more than $400 billion as the fallout from Russia’s invasion of Ukraine deepens global shortages of coal and natural gas and sends commodity prices soaring.

“Australia’s resources and energy sector continues to underpin Australia’s economy and to support international energy security during the global turbulence caused largely by Russia’s invasion of Ukraine,” she said. “The Australian government is committed to ensuring that the benefits of Australia’s exports flow through to all Australians, as well as the 303,000 Australians who work directly in the resources sector.

Iron ore, the key steel-making raw material, remains by far Australia’s most valuable export. The new trade figures estimate iron ore’s export earnings reached $133 billion for the year on the back of prices averaging between $US110 and $140 a tonne, but warns earnings would decline in the coming two years as mines in Brazil lift production volumes and global demand starts to slow.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theage /  🏆 8. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia-Ukraine war: Lysychansk could fall, Zelenskiy adviser admits; three killed in blasts in Russian city near Ukraine – liveRussia-Ukraine war: Lysychansk could fall, Zelenskiy adviser admits; three killed in blasts in Russian city near Ukraine – liveDozens of residential buildings also damaged in Belgorod explosions; Ukraine rejects claims Russian forces have surrounded Lysychansk
Read more »

Russia-Ukraine war: what we know on day 130 of the invasionRussia-Ukraine war: what we know on day 130 of the invasionBlasts in Russian city near Ukrainian border; Ukraine rejects Russian claim Lysychansk surrounded; UK condemns exploitation of war prisoners
Read more »

Russia-Ukraine war: what we know on day 130 of the invasionRussia-Ukraine war: what we know on day 130 of the invasionBlasts in Russian city near Ukrainian border; Ukraine rejects Russian claim Lysychansk surrounded; UK condemns exploitation of war prisoners
Read more »

Russia-Ukraine war: Zelenskiy accuses Russia of ‘deliberate terror’; explosions rock Mykolaiv – latest updatesRussia-Ukraine war: Zelenskiy accuses Russia of ‘deliberate terror’; explosions rock Mykolaiv – latest updatesUkraine president says missile strikes on apartment building and recreation centre near Odesa were no accident; Ukraine nuclear plant’s surveillance systems restored
Read more »

Dozens of Russian weapons tycoons have faced no Western sanctions as Russia continues to pummel UkraineDozens of Russian weapons tycoons have faced no Western sanctions as Russia continues to pummel UkraineAn examination of companies, executives and investors underpinning Russia's defence sector shows a sizeable number of players have not been sanctioned by the West.
Read more »

Russia says it has full control of Luhansk region in UkraineRussia says it has full control of Luhansk region in UkraineUkrainian military command confirms withdrawal of troops from city of Lysychansk to avoid ‘fatal consequences’
Read more »



Render Time: 2025-03-15 22:35:17