The prices of iron ore, coking coal and copper have rallied in the wake of Donald Trump’s US presidential election victory. It is estimated that the Federal Government’s Budget bottom line would be boosted by about $A10bn if the rise in the iron ore price is sustained for the next two years. Shares in BHP Billiton and Rio Tinto have also rallied, while Resources Minister Matt Canavan notes that Trump is highly supportive of the coal industry.
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