Study finds Chinese consumption will fall within two to three years as Australian coalmining communities warned to reduce dependence on industry
Australia’s coal export boom will come to an abrupt end because of an “imminent and substantial” drop in purchases by China, and local coal mining communities should brace for the change, the lead author of a new study says.
The peer-reviewed paper, published on Thursday in the journal Joule, forecasts China’s thermal coal imports will contract at least a quarter from 2019 levels of 210m tonnes by 2025, mostly as improved transport links will give local suppliers an edge.
