December 8, 2020 Read More →

Australian coal exports to China halted by trade tensions, unofficial ban

ABC:

Thermal coal exports to China from Australia’s busiest coal terminal have completely stopped amid escalating trade tensions and an unofficial Chinese ban on Australian coal.

Newcastle is the largest coal port in the world and trade with China made up 20 per cent of its exports last year.

But no ships have left for China in December and there are none listed in the schedule leading up to Christmas.

Tim Buckley, an energy analyst with think tank Institute for Energy Economics and Financial Analysis, said the trade war would be impacting coal industry profits.

“When the world’s largest coal import destination says they’re not taking Australian coal, the coal industry will be watching with extreme alarm,” he said. 

[Ben Millington]

More: China’s unofficial ban on Australian coal sees exports halt as trade war rages

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