Shipments of coal used for power generation and steelmaking will rise steadily by volume until at least 2025. Read more at straitstimes.com.
CANBERRA – 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 South-east Asia, according to a new report from Canberra.
Chinese imports of Australian coal have also begun to tick up, after an informal ban was lifted earlier in 2023, according to the report. Exports of thermal coal, the single biggest cause of climate change, will see the most volume growth, rising 7.3 per cent this year, the report shows. Shipments of metallurgical coal will climb 2.6 per cent. However, the value of those exports is projected to drop sharply as coal prices fall.
Exports of commodities used in the energy transition, including lithium, copper and nickel, will enjoy some of the biggest percentage growth – lithium exports will increase between 20 per cent and 30 per cent for each of the next three fiscal years. Still, these will remain meagre earners next to the top three bulk exports of iron ore, coal and LNG.
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