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.
Commodities
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
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