Wednesday, 7 November 2018

New South Wales coal exports “past their peak”

Coal exports from the Port of Newcastle, NSW, Australia. Coal exports from the Port of Newcastle, NSW, Australia.

Coal exports from New South Wales, Australia, are seen entering a phase of “terminal long-term decline” as key buyers are turning away. Exports of thermal coal out of the Port of Newcastle peaked three years ago and analysts now observe a steady decline as Asian markets transition towards cheaper more sustainable renewables.

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