An analyst at an investment bank is tipping metallurgical coal prices could rise above USD2K/ton in H2 2025.
- Australian coal exporters are favoured due to both gigher prices and higher volumes
Citing:
- coal tariffs on US coal are expected to reshape trade flows (China recently imposed a 15% tariff on US coking coal)
- steering demand toward Australian volumes
- rising demand from India (increased steel output)
Australian prime hard coking coal, currently around $US183 per ton
This article was written by Eamonn Sheridan at www.forexlive.com.
