An end to Australia's iron ore export boom is just what the economy doesn't need | Greg Jericho

With service industries and foreign tourism decimated, the potential fall in ore prices and demand shows just how much the country relies on mining exportsIt seems not all that long ago all the talk was about how gloriously the economy was going and how the Covid recession was in the past. But now the two states encompassing 55% of the nation's economy are in lockdown and the second half of this year looks to be tough for the economy - especially as our iron ore exports might be about to take a hit.One of weird things about the pandemic is that our major exports of iron ore and coal have seen an absolute prices boom: Continue reading...