Iron ore price could provide a $6.1b boost

If iron ore prices remain high until the end of the June quarter next year the federal budget will be a combined $6.1 billion better off this financial year and next than the budget forecasts.

Treasury estimates that the iron ore price without freight costs (free on board) will drop to $US55 a tonne by the end of the June quarter – two quarters later than was assumed in the July update.

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services

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