Australian thermal and met coal outlook: prices for higher grade coal up in recent weeks

After an extraordinary spike in 2022, thermal coal prices fell back sharply in H1 2023, but have since stabilised, with prices for higher grade coal lifting slightly in recent weeks. As global supply recovers, the Newcastle benchmark price (6,000 kcal) is forecast to decline from almost US$180 a tonne over 2023, to around US$115 a tonne by 2025. The Australian […]