Australia's Commodity Exports Face Headwinds ...Middle East

Australia has been out of luck lately. The country’s consumer watchdog just this week warned the east coast could face a gas shortage as soon as this year. Smelters and miners are complaining about high energy costs and asking for government help. And now the industry department is warning that commodity exports are about to weaken on trade headwinds. In a new report, the Australian Department of Industry, Science and Resources said it expected commodity exports to keep rising over this year and next, but income from them is set to weaken—because…

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