WA is betting on green iron production as a major future export opportunity, backed by new laws designed to fast-track project approvals.

The federal and WA governments have jointly funded a $3 million feasibility study for a critical minerals processing hub, aiming to add value beyond raw exports.

WA's state budget has directed $204 million to port infrastructure across the state, from Fremantle wharf strengthening to Kimberley biosecurity works.

WA's lithium sector is navigating a price downturn that has paused major projects, even as government support and a US critical minerals deal offer hope.

WA iron ore exports hit a record 926 million tonnes worth $120.6 billion, even as the benchmark price faces downward pressure from new global supply.

WA has posted an eighth straight budget surplus of $3.5 billion, even as net debt climbs toward $40 billion and public sector spending faces new scrutiny.

Gold prices near record highs are lifting WA's mining sector just as markets brace for another RBA interest rate rise that could squeeze mortgage holders.

Local investors are watching closely as ASX volatility, driven by global market jitters, weighs on WA-listed resources and finance stocks.

WA households are tightening budgets as the RBA holds interest rates higher for longer, with financial counsellors reporting a rise in families seeking help.

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