The industrialisation of Asia – particularly China and India – has led to a strong increase in global demand for key resource commodities. The associated sharp rise in the prices of these commodities has underpinned a significant increase in the levels of Australia's resource investment, production and exports over the past five years, especially for iron ore, coal and liquefied natural gas (LNG). This article outlines some key features and recent developments in these three commodity sectors within Australia.
|Number of pages
|Reserve Bank of Australia. Bulletin
|Published - Mar 2011