Target $18.72, page-6336

mining.com/reuters 2.7.23 said

"Australian coal exports are set to rise for at least the next three years on growing demand for the dirtiest fossil fuel in India and Southeast Asia, according to a new report from Canberra.

Thermal and metallurgical coal shipments — used for power generation and steelmaking, respectively — will both rise steadily by volume until at least 2025, the latest quarterly energy and resources report released Monday shows.

Chinese imports of Australian coal have also begun to tick up, after an informal ban was lifted earlier in 2023, according to the report.

.. The Labor government under Prime Minister Anthony Albanese has attempted to re-brand the nation as a critical minerals and clean energy “superpower,” but is also continuing to support growth of the coal and gas sectors.

Exports of thermal coal, the single biggest cause of climate change, will see the most volume growth, rising 7.3% this year, the report shows. Shipments of metallurgical coal will climb 2.6%. However, the value (my emphasis) of those exports is projected to drop sharply as coal prices fall".

https://www.mining.com/web/australias-coal-exports-by-volume-set-to-rise-on-asian-demand/