SYDNEY -- Australia's government expects earnings from the nation's resource exports to drop by 10% this financial year amid weaker prices for commodities such as iron ore and coal, although it says the latest round of economic stimulus in key customer China could buoy demand for key minerals.
Commodities
Australia cuts commodity earnings estimate as prices weaken
Treasurer highlights Chinese stimulus measures as potential boost for sector
A visitor walks in front of an iron ore carrier at Rio Tinto's Port Dampier operations in west Australia in 2023. The nation is a key exporter of the steelmaking material. © Reuters
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