Commodity price surge spurs Australian explorers to get digging

commodity price surge spurs australian explorers to get digging

Sumary of Commodity price surge spurs Australian explorers to get digging:

  • Australian companies’ spending on resources exploration at home and abroad hit the highest in seven years in the June quarter, spurred by strong price gains across a range of commodities as the global economy recovers from the pandemic.
  • Explorers listed on the Australian Stock Exchange spent $666 million in the three months to June 30, according to a study by business advisory firm BDO.

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