• Metallurgical coal prices recovered from September lows to average just above US$200 a tonne over October and November. Prices are expected to remain at a similar level throughout the forecast period. 

• Relatively low prices compared with 2023–24 are forecast to reduce export earnings from $54 billion in 2023–24 to $41 billion in 2025–26. 

• Export volumes are expected to rise from 151 Mt in 2023–24 to 174 Mt by 2025–26.

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