NineMSN writes that a new report by East and Partners shows that Australia’s iron ore exports continue to soar despite concerns that the mining boom may be coming to an end.
As quoted in the market news:
For the third quarter of 2013, shipments of iron ore were 20.9% higher than the corresponding period last year. The mining investment boom is generally considered to have peaked in Australia, however the latest data from the East and Partners report show that export earnings from iron ore continue to rise.
Australian ports continue to surpass iron ore shipment records, indicating sustained demand from Chinese steelmakers for Australian iron ore.