
Iron ore’s comeback fizzles, leaving miners braced for softer prices - AFR
Iron ore is Australia's largest export commodity and primary source of foreign-currency revenue and government royalties. Sustained softening of iron ore prices directly constrains the Fiscal Engine (Pillar 2) and Resource Sovereignty revenue (Pillar 1), reducing capacity to fund defence modernisation, AUKUS delivery, and strategic reserves without taking on additional debt.
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