Morgan Stanley stated that establishing "state-linked export platforms" for Australian iron ore and other bulk commodities could provide miners with a way to respond to centralized procurement actions taken by some national governments in markets where Australia is a major supplier.

The bank acknowledged that this move will also raise concerns about trade and sovereign risks. However, Morgan Stanley stated that Australian miners currently have "limited room for direct coordination and cannot reach agreements on pricing, terms, allocation, production, or marketing strategies without triggering competition law risks." Meanwhile, a "new trend of sovereign supply and demand seems to be accelerating." Globally, Australia accounts for about 59% of seaborne iron ore exports. Morgan Stanley noted that the country also accounts for 38% of metallurgical coal exports, 20% of thermal coal exports, and 24% of total lithium supply.