Daily Bulletin

Daily Bulletin

Business News

  • Written by News Company

Australia is a very open and trade-friendly economy. This means that changes in the demand that other countries have for the goods and services of the location has a huge impact on the economy. When an increase in global demand occurs for Australia’s assets, it’s up to the traders in the marketplace to match that demand, or the price will go up.

Currently, Australia is the 23rd largest economy in the world for exports alone. The country is very diverse in what it can offer to other parts of the world. However, there are some major commodities that seem to make more of a difference to the results on your commodity trading apps than others.

Let’s take a closer look at how commodities impact the Australian environment, and what the changes in supply and demand might mean to people who are looking for new ways to build their wealth and diversify their portfolio.

Trade Booms

From the start of the mid 2000s, the prices of the commodities required for the production of energy and steel experienced a significant boost. This happened because global demand for these elements increased rapidly. Supply in the landscape was unable to keep up. In part, the growth in global demand came from a large need for energy and steel caused by industrialization in China and other emerging economies.

As the need continued to accelerate, Australia’s terms reached higher levels. Around 2011, the terms of trade moved over the 75% mark above the average for the previous century. The extraordinary prices of their key assets had an influence on other elements of the country’s operations too. Currently, the most valuable trades are Iron ore, gold, copper ore, wheat, and coal briquettes.

Australia also has a plenty of need from around the world for things like frozen bovine meat, aluminum, wool, wine, and sheep or goat’s meat, although these notable exports don’t quite match the desire for iron. When the need outweighed the supply in the country, this resulted in an increase in the number of workers in the mining industry too. There was also a rise in the amount that these professionals were paid.

The Changing State of the Economy

Ultimately, when the needs of the world change, the Australian landscape evolves too. While it does import a lot of crucial items, it also shares valuable resources with the world. The environment is particularly popular for its access to a huge amount of ore, including iron ore. It is currently the leading exporter of this substance by a significant margin – enjoying a massive 58% share of the market on a global basis.

Australia also stands out as the 6th largest exporter of gold with a 4.1% share of the market, and it contributes massively to the copper space too. Australia is number four on the list of countries delivering copper ore to other countries globally, with a 7.5% share of the landscape. For people interested in making money on the ever-changing environment there, it makes sense to start by looking at these powerful assets.

Writers Wanted

Yes government debt is cheap, but that doesn't mean it comes risk-free


Young African migrants are pushed into uni, but more find success and happiness in vocational training


Ruth Bader Ginsburg forged a new place for women in the law and society


How to Secure Home-Based Entrepreneurs from Cyber Threats

Small businesses are becoming a trend nowadays. The people with entrepreneurial skills and minds are adopting home-based businesses because of their advantage and ease of working from home. But...

News Company - avatar News Company

Why Businesses Must Consider Marketing Automation over ESPs

If you have been using email marketing for your brand you must be familiar with using ESPs such as Mailchimp, Vertical Response, or Constant Contact. These email service providers are used for s...

Kevin George - avatar Kevin George

How To Create A Better Impression With Your Business Card

There’s no doubt that done well, business cards can deliver a lot for a brand. The problem, then, is that there aren’t very many good business cards out there! This is hardly the fault of the bu...

News Company - avatar News Company

Key Strategies to Effectively (and legally) Monetize your Intellectual Property

Let’s be frank: Your intellectual property can potentially make you a lot of money. What is intellectual property? Well, there isn’t necessarily a single definition for this important term but a...

Anton Quintos - avatar Anton Quintos

6 Ways to Help Your Home Based Business Join the Big League

Most of us dream of leaving our tired 9 to 5 jobs, taking ownership over our careers, and starting our own gigs. Up until now, small home-based businesses have proved to be a perfect launching p...

Diana Smith - avatar Diana Smith

The Role of Commodity Exports in Australia’s Economy

Australia is a very open and trade-friendly economy. This means that changes in the demand that other countries have for the goods and services of the location has a huge impact on the economy. ...

News Company - avatar News Company

The Conversation


Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Prime Minister National Cabinet Statement

The National Cabinet met today to discuss Australia’s COVID-19 response, the Victoria outbreak, easing restrictions, helping Australians prepare to go back to work in a COVID-safe environment an...

Scott Morrison - avatar Scott Morrison

News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion