London Commodity Brokers Ltd.
    • Home
    • About Us
    • Commodity News
    • Price Information
    Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
    To find out more, including how to control cookies, see here: Cookie Policy
    June 11, 2020

    Korean imports of Australian coal have dived and the outlook is not positive

    Coal, Commodities Korean Thermal Coal Imports

    By Bevis Yeo | Stockhead

    Australian thermal coal exports to South Korea were down 21 per cent in the first quarter of 2020 and there are signs that this will be a continuing trend.

    The recently elected South Korean government came to power pledging to reach net zero emissions by 2050, end financing of overseas coal plants, and introduce a carbon tax.

    It has now just unveiled a $US62bn “New Deal” that consists of a “Digital New Deal” and the first stages of its “Green New Deal”.

    While Reuters reported critics as saying that the plans appear to focus on protecting jobs rather than addressing President Moon Jae-in’s pledge to slash emissions, parliamentarian Lee So-young says lawmakers are drafting more detailed laws to boost the economy and society in more sustainable ways…Full Story

    International Thermal Coal Differentials Dry Bulk Market: Strong Iron Ore Demand Boosts Rates On 2020 High

    Related Posts

    Coal, Commodities

    Coal shortage now at alarming levels, say aluminium producers

    With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has urged the union coal ministry for immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has lauded […]

    Coal, Commodities, Power Markets

    Coal Shortage Crisis: 15 Of 135 Power Plants Have Zero Days Of Stock

    Concerns on coal have also come from political quarters, as Power Minister RK Singh describes the situation as “touch and go” By – Mohammed Kudrati | Boom Live India is running perilously low on coal for thermal power generation, shows data from the Central Electricity Authority. According to their daily release on coal stocks through […]

    Coal, Commodities, Power Markets

    China Energy Crunch Triggers Alarm, Pleas for More Coal

    By David Stanway | Reuters As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal supply crippling large sections of industry, […]

    London Commodity Brokers Ltd.
    © London Commodity Brokers Ltd.