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Tuesday, December 1, 2020

China buying coal from Mongolia

Trucks loaded with coal in the Gobi desert, Mongolia © Reuters / B. Rentsendorj. China received more metallurgical coal from neighboring Mongolia in September than from its once-key supplier Australia, amid escalating tensions between Beijing and Canberra. Shipments of the commodity from Australia, which used to be China’s top source of coking coal, dropped to their lowest level this year in September, falling to 2.72 million tons. The swift change in China's imports comes amid reports that Australia's coal is not wanted in China any more. Earlier this month, Chinese power stations and steel mills reportedly started canceling orders, while Chinese ports turned away Australian shipments. No official confirmation has been made so far by either country.

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