The Bureau of Resources and Energy Economics in Australia released their Resources and Energy Quarterly–March Quarter 2013 report today:
- Shipments of LNG will overtake coal within five years
- Resources and energy commodity exports are forecast to drop 6 per cent to $186 billion this year
- Export prices falling
“A forecast fall in the prices of key Australian mineral exports from their peaks in 2011, coupled with a high Australian dollar, is expected to result in a 3 per cent decline in the nominal export value of resources and energy exports in 2012-13, relative to 2011-12,”
