What Are Commodities?
Commodities are the basic raw materials that power the global economy. These are assets like gold, iron ore, coal, wheat, and oil. Unlike shares or property, commodities are physical goods that caan be bought and sold in bulk. In Australia, commodities are particularly important because they make up a large share of our national exports. When you hear about iron ore or coal prices rising, its not just industry news. It affects the entire economy, from government revenue to the strength of the Australian dollar.
Commodities are traded on global markets, and their prices change dialy based on supply, demand, and international conditions. Understanding these movements helps investors and everyday Australians grasp how the country’s wealth is built.