The State and Federal Government’s coffers are poised for a major lift if the International Monetary Fund’s latest projections for the iron ore price materialise, with forecasts it will not dip below $US100/t before 2028.
In its latest country report for Australia, released on Friday, the IMF projects iron ore prices will slide from $US161/t to $US105/t by 2028 — generating a further royalties boom for State and Federal Budgets given, if realised, prices such as that are far above their conservative estimates for the price of the steelmaking input.
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