• Australia’s metallurgical coal export earnings are expected to decline from $61 billion in 2023–24 to $42 billion by 2025–26. 

• Metallurgical coal prices are falling slowly as supply disruptions ease. The benchmark price is expected to fall from US$264 a tonne in 2024 to US$208 a tonne by 2026. 

• Export volumes are expected to rise from 156 Mt in 2023–24 to 177 Mt by 2025–26 (see Australia section). A potential recurrence of the La Niña cycle presents a risk to supply.

  (source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-june-2024

ABH Resources Insights:

A number of Australian producers are now using the term steel-making coal to differentiate its value case from Thermal Coal.