I refer to the 2025 federal budget and the iron ore price assumed for financial forecasts (“Mining exports to drop as prices stagnate”). The price assumed remains $US60 per tonne, with some allowance for the current higher market price over the first year.
Of course, no one actually knows what the iron ore price will be and, as the price is market-determined, a price of $US60 per tonne cannot be ruled out. However, common sense should suggest this is unlikely.