Tag: exports

Strong international demand for Australian resources and energy The fallout from Russia’s invasion of Ukraine is driving continued strong demand for Australian resources and energy as many Western nations move away from Russia to find alternative sources of supply. The Australian Government’s June 2022 Resources and Energy Quarterly (REQ), from the Department of Industry, Science and Resources, said international demand has led to a further surge in the price and export value of many of Australia’s resource and energy commodities over the past three months. At the same time, commodities that are essential for electric vehicles, batteries and the transition to cleaner energy are also experiencing strong demand growth, with the value of...

A RESEARCH project by Painted Dog has revealed that contributions from mining in WA are much more significant than eastern states residents realise, with many attributing NSW and Victoria with a far higher percentage of the national export figures than they actually are. The West Australian reported that WA contributes 36.5% or $171.4b of the $470b worth of exports, compare to NSW and Queensland in second place with a much smaller 20% contribution while Victoria lagged behind with 12%. This contrasted with the perception by 75% of those surveyed who lived in NSW and half of those who live in Vic, who wrongly assumed that their own state was the top contributor. Premier Mark McGowan oft cited phrase that WA...

Higher Iron ore and coal prices could add an estimated $12.7 billion to Australia’s export revenue in FY17. Image: Rio Tinto.   By Cameron Drummond   THE Australian Government has increased its 2016-17 export value projections for coal and iron ore due to higher commodity prices and an unexpected uptick in Chinese construction activity. The Department of Industry, Innovation and Science’s latest Resources and Energy Quarterly report increased its FY17 outlook for both commodities, adding $12.7 billion to previous estimates. As a result the total value of Australia’s resources and energy exports for FY17 was revised up 12 per cent from the June quarter estimate of $163 billion to $176 billion. Its iron ore price outlook increased from $US43 per tonne...