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20 Aug
15:46

South32 sees supply cuts supporting coking coal prices

South32 expects India and other emerging Asian economies to drive long-term demand growth for coking coal. In the short term, however, prices will be shaped by the recovery in demand outside of China and cuts to supply in response to Covid-19, it adds. South32 has seen steady production of coking coal, with 5.549 million tonnes in the financial year to June 2020 (FY20), up from 5.35mt the previous year. It expects this to reach 6.4mt in the financial year through …
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