Office of the Chief Economist - Resources and Energy ...
Iron ore. Australia's iron ore export earnings are on track for a new record in 2020-21. The iron ore price remains over US$110 a tonne, supported by robust demand in China linked to government stimulus measures. The iron ore price is expected to remain above US$100 a tonne until mid-2021 before easing to just over US$75 by the end of 2022.