Coal ban: Australia says coal strike a 'bad outcome' for China's emissions target
Mr Nicholas said India and China were ramping up their domestic coal production to reduce reliance on imports which meant the thermal coal outlook was “increasingly bad, at an accelerating pace”. Up to $14 billion in coking and thermal coal is exported to China each year, making up 21 per cent of Australia's export market. “It’s open slather for coal imports into China now – not for Australian coal, but for everyone else,” said Wood Mackenzie's principal Asia Pacific coal analyst Rory Simington. S&P Global Platts analyst Deepak Kannan said there were several other markets where Au...
Source: brisbanetimes.com.au
