Critical mineral exports set to outpace thermal coal in two years

News Snapshot:

Surging energy and resources prices are set to push Australia’s exports to a record $460 billion in earnings in 2022-23, according to the figures contained in the June quarter report released on Monday by the Department of Industry, Science and Resources. Company taxes on these exports helped tip the Commonwealth into surplus for the first time in 15 years, according to Finance Department monthly figures released on Friday. But the Industry Department warns “energy export earnings are set to fall noticeably”, as slower world economic growth and improving supply conditions drive most commodity prices lower. This is set to drag...