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The commodities boom driving the WA economy will continue for years, the Reserve Bank has predicted, tipping prices for minerals such as iron ore will remain at historically high levels on the back of strengthening demand from China and the rest of developing Asia.
In one of its most upbeat assessments of the resources boom — which has delivered hundreds of billions of dollars into the national economy over the past four years — the Reserve used its statement on monetary policy to predict prices will stay high even as the supply of raw minerals increases.
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