Solid growth expected for Asian coal markets

Robust stock levels

The La Niña¹ weather pattern has been wreaking havoc across Asia-Pacific since August last year, most notably in Australia, causing severe flooding in Queensland from November. Extreme weather has also affected Indonesia and Colombia and La Niña has been held responsible for floods as far afield as South Africa.

The flooding thus impacted production and transportation in four of the top five global coal exporters, between them responsible for around 625 million tonnes of exported coal a year