Australia’s Coal Exports by Volume Set to Rise on Asian Demand
- Thermal coal shipments to climb more than 7% in 2023-24
- Value of nation’s exports forecast to drop as prices decline
Stockpiles of coal in Newcastle, New South Wales, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australian coal exports are set to rise for at least the next three years on growing demand for the dirtiest fossil fuel in India and Southeast Asia, according to a new report from Canberra.
Thermal and metallurgical coal shipments — used for power generation and steelmaking, respectively — will both rise steadily by volume until at least 2025, the latest quarterly energy and resources report released Monday shows.