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Australia raises iron ore price forecast Iron ore was drifting lower on Friday with the Northern China benchmark import price at $ per dry metric

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Western Australia says that if iron ore prices stay at US$50 per tonne it would wipe out A$4bn US$3bn in projected royalty revenues in 2024 16 — 12 per cent of the state budget Unemployment in the state although still modest at per cent has risen from per cent when iron ore prices peaked

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