Hogan Lovells 2024 Election Impact and Congressional Outlook Report
This is contrasted with strong iron ore prices and record gold prices. The iron ore industry is the largest segment of the Australian mining sector and the high prices and growth in output has allowed the generation of an estimated AU$103 billion in iron ore export revenue in 2019-20, according to the Australian Office of the Chief Economist. Major iron ore players, such as Fortescue Metals and BHP, have ramped up production and continued to invest in new production capacity.
Read more: Recent Developments in Australian Mining Sector – National