Sancho Panza Posted June 28, 2015 Share Posted June 28, 2015 (edited) http://dfat.gov.au/publications/tgs/index.html Some interesting Aussie Export Stats Iron Ore is (A$69.5bn)21.8% of exports and Coal (A$40bn) 12.5% http://www.tradingeconomics.com/australia/gdp GDP has gone from US$400bn in 2002 to US£1560bn in 2013. http://www.indexmundi.com/commodities/?commodity=coal-australian&months=120 Aus coal price plumbing 7 year lows http://www.indexmundi.com/commodities/?commodity=iron-ore&months=120 Iron ore five year lows I posted this in the other Oz thread a while back.Reliance on two main commodities for exports.Doesn't bode well for Perth. Edited June 28, 2015 by Sancho Panza Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 28, 2015 Share Posted June 28, 2015 I thought they were big copper exporters as well as iron ore? Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted June 28, 2015 Share Posted June 28, 2015 I thought they were big copper exporters as well as iron ore? They are big in a lot of minerals - Aluminium, nickel, all sorts - but the sheer volume of iron ore and coal dwarves the rest. Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted June 28, 2015 Share Posted June 28, 2015 Not sure if I'm the first to ask, but does this mean that Australia will finally be facing its demons? Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted June 28, 2015 Share Posted June 28, 2015 Not sure if I'm the first to ask, but does this mean that Australia will finally be facing its demons? http://www.icis.com/blogs/chemicals-and-the-economy/2015/06/chinas-lending-electricity-consumption-continues-slow/ 'China’s new leadership made it clear on taking office that they would not continue with stimulus policies. They knew they had to change course, and move away from the investment and export-led focus of the past. But most analysts have continued to wear their rose-tinted glasses and have ignored the changes underway. It may be a painful awakening, when the reality of China’s New Normal policies finally forces them to accept this has been wishful thinking.' If China faces it's demons then Oz will surely follow. Quote Link to comment Share on other sites More sharing options...
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