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Posts tagged to Mining

Australia’s mining sector returning to strong growth: Increasing commodity prices and stabilizing export markets boost the sector

MarketLine

The Australian mining sector is said to have witnessed a boom from 2003 onwards, as demand from China, Japan and other major Asian markets surged as a consequence of strong growth. Simultaneously this strong demand boosted commodity prices, resulting in large profits for the Australian mining sector. However as growth in the Australian mining sector’s largest export market China has decelerated in recent years and fears of stronger decreases in the future emerged, the Australian mining sector has taken a hit. Another major export market Japan too suffered financial instability… Read more