Original article by Perry Williams
The Australian – Page: 27 : 26-Mar-25

The budget papers show that the Treasury is continuing to adopt a conservative approach to commodity price forecasts. The budget’s revenue forecasts are based on expectations that the iron ore price will fall to $US60 per tonne at port by the end of March 2026; the price of the steel input is currently trading at around $US100 per tonne. UBS recently forecast that the iron ore price will remain within a range of $US90 to $US100/tonne for the next five years. The Treasury’s forecasts for other key commodities such as coal and LNG are also significantly below current prices.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, UBS HOLDINGS PTY LTD