
Budget set for $20bn iron ore boost
The price of iron ore has hit a new record high of $US193.85 a tonne and is tipped to break through the $US200 barrier in a boom that will improve the federal budget bottom line by an estimated $20bn.
The price of iron ore has hit a new record high of $US193.85 a tonne and is tipped to break through the $US200 barrier in a boom that will improve the federal budget bottom line by an estimated $20bn.
Global iron ore prices have hit record highs, surpassing the previous record from a decade ago and providing a welcome boost to Australia’s resources sector as the world recovers from the impact of the COVID-19 pandemic.
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