Australia’s mining boom could be heading for a rough start as the price of aluminium ore and copper ore have hit record highs.
The copper price has risen over 40 per cent since mid-July and is currently at an all-time high, making it the biggest price jump in more than five years.
The price of aluminum ore is expected to rise by 10 per cent over the next six months, according to the Australian Industry Group.
Gold prices are also rising.
Gold mining has been booming in Australia and is now worth around $1.2 trillion.