High prices for exports such as coking coal will boost the country’s terms of trade but global coal production has peaked and prices are unlikely to stay high

​The rally in the price of key exports such as coal and iron ore that has promised a multibillion-dollar windfall for Australia’s treasurer, Scott Morrison, could be shortlived, economists have warned.

Hopes have risen that the federal budget could benefit from as much as $23bn in additional tax revenues from exports, thanks to higher prices, especially for coal which has more than doubled in price in the past four months.

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Source: Guardian Environment