By Jesse Riseborough
Jan. 15 (Bloomberg) -- Export prices for coal and iron ore from Australia, the world’s biggest shipper of the raw materials, may drop significantly this year as slowing industrial growth curbs demand, the nation’s central bank said.
“Developments on the demand side, especially in China which accounts for close to half of global demand, will continue to have a significant influence on prices for coal and iron ore,” the Reserve Bank of Australia said in a report released in Sydney today on its Web site.
To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net
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