Prices for energy and mineral commodities are forecast to remain relatively high, supported by continued demand growth and supply-side constraints, the Australian Bureau of Agricultural and Resource Economics (ABARE) predicts in its latest Australian Commodities report. For example, the average price of copper, which fell 9% in August from July, still remains more than 50% higher than the long-term average of $4,900 per tonne. “Demand for energy and mineral commodities will continue to ...
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