Australian export earnings to rise to $459bn in FY23
Lithium leapfrogs legacy commodities into sixth place, while energy earnings support lower iron ore take
Hydrogen project pipeline now worth as much as $300bn, but fossil fuel commitments dominate the here and now
We regularly cover the Resources and Energy Quarterly, because it’s important to know Canberra’s actual forecasts on commodity prices and production — not the often comedically conservative numbers pumped into budgets so gov’ts can post surprise budget improvements they churlishly attribute to stellar economic management.
We’re going to see a record $459 billion in export earnings fly into the country as thermal and met coal prices remain stubbornly high, the Department of Industry, Energy, Science and Resources reckon in today’s December update. That’s $9bn…