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Australian mining exploration spending hit a four-year low, dropping 19% to $643.52 million.
Australian mining exploration spending fell to a four-year low in the March quarter, dropping 19% to $643.52 million.
The decline is attributed to lower nickel and lithium prices and global trade uncertainties.
Meanwhile, S&P/ASX indices are set for rebalancing, with lithium and coal miners being replaced by gold and copper miners, reflecting industry challenges and shifts in market demand.
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El gasto en exploración minera australiana alcanzó su nivel más bajo en cuatro años, cayendo un 19% a $643.52 millones.