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Plummeting iron ore price to cost Federal coffers $3 billion, Treasury declares

Pelican Press

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Plummeting iron ore price to cost Federal coffers $3 billion, Treasury declares

China’s plummeting demand for iron ore will cost Australia more than $3 billion, Treasury has warned.

A 38 per cent price drop since the start of 2024 has sounded alarm bells, with the economic success of both WA and the nation riding on iron ore exports.



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