Home / World News / Iron ore price soars on back of Russia-Ukraine conflict, with WA’s overall surplus on track to hit $5 billion

Iron ore price soars on back of Russia-Ukraine conflict, with WA’s overall surplus on track to hit $5 billion

The Russia-Ukraine conflict has sent iron ore prices soaring, reversing a downward trend and potentially handing the McGowan Government a $2.5 billion royalties boon just two months out from the State Budget.

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