China May Seek More Coal From Mongolia as Russia’s Share Shrinks
- Total overseas purchases are expected to moderate this year
- Mongolia supplies most of the coal imports for steelmakers
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China’s record coal purchases last year were driven by big increases in supplies from Australia and Mongolia, while Russian cargoes actually fell.
Now that Chinese demand is flattening, Mongolia could be best placed to hold or even grow its market share in its southern neighbor at Russia’s expense.