According to the Resources and Energy Quarterly Report December 2019 released by the Department of Industry, Innovation and Science (DIIS), the prices of iron ore, metallurgical coal and thermal coal are expected to decline by 2020-2021. Consequently, this would result in reduced exports of these commodities from Australia, around $ 66 billion, $ 36 billion and $ 19 billion respectively.
The slowdown in industrial production internationally along with rising stock has seen the prices of Australia’s resource exports decline from the seven-year highs established in the quarter ending September 2019. DIIS suggest that prices are expected to drift down further due to rising supply.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.