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2000•Australian Commodities: Forecasts and IssuesRequires access

Minerals and Energy: Outlook to 2000-01

John P. Hogan, Kim Donaldson, Marat Fainstein, Andrew Maurer, Christopher Allen, Adam P. Roberts, Peter Berry, Ian Haine

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Abstract

Average prices received for Australian minerals sector exports are forecast to rise by over 5 per cent in 2000-01; however, energy sector export prices are forecast to fall by 7 per cent. World demand for minerals and energy commodities is forecast to increase further in 2000-01, as a result of strong economic and industrial production growth in western Europe and Asia. However, world supplies of these commodities are also forecast to grow strongly, moderating increases in prices. Australia's earnings from minerals and energy exports are forecast to increase by 6 per cent in 2000-01.

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What this paper is about

Average prices received for Australian minerals sector exports are forecast to rise by over 5 per cent in 2000-01; however, energy sector export prices are forecast to fall by 7 per cent. World demand for minerals and energy commodities is forecast to increase further in 2000-01, as a result of strong economic and industrial production growth in western Europe and Asia. However, world supplies of these commodities are also forecast to grow strongly, moderating increases in prices. Australia's earnings from minerals and energy exports are forecast to increase by 6 per cent in 2000-01.

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Available abstract

Average prices received for Australian minerals sector exports are forecast to rise by over 5 per cent in 2000-01; however, energy sector export prices are forecast to fall by 7 per cent. World demand for minerals and energy commodities is forecast to increase further in 2000-01, as a result of strong economic and industrial production growth in western Europe and Asia. However, world supplies of these commodities are also forecast to grow strongly, moderating increases in prices. Australia's earnings from minerals and energy exports are forecast to increase by 6 per cent in 2000-01.

Key concepts: Production (economics), Earnings, Economics, Agricultural economics, Energy sector, Natural resource economics, Business, Macroeconomics

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