ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Coal expected to be Australia's most valuable export in 2018-19

Recovering demand lifts prices, underscoring dependence on China

Australian coal prices are rising, due in large part to stronger demand from China and industry consolidation.   © Reuters

SYDNEY -- Coal is expected to become Australia's most valuable export for the first time in nine years in fiscal 2018 ending June this year, as increasing concentration in the mining industry pushes up prices and exports to China and other countries in Asia rise.

Iron ore prices, on the other hand, have continued to decline, dragged lower by falling Chinese demand. The shift in Australia's resource exports also highlights its dependence on the state of the Chinese economy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more