Episode Details
Back to Episodes
Coal’s Comeback Driven by Geopolitics | Perth News
Description
As global energy demand surges and Middle East instability rattles supply chains, Asia is turning back to coal — especially Australian coal — reversing earlier fuel-switching trends. New Hope Corporation, Australia’s top coal producer, sees renewed interest from South Korea after Ukraine tensions pushed them toward Russian coal. Tighter Chinese production and Indonesian quotas are also driving prices up. Yet despite this bullish outlook, the company posted its smallest profit in five years — hit by rising mine costs and equipment investments. Still, it boosted shareholder dividends and saw stock prices climb, hinting at a volatile but potentially profitable future where geopolitical shifts and shrinking supply could keep coal prices strong for now.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/business/middle-east-war-increasing-demand-for-australian-coal-c-22873773
More coverage & latest updates:
https://sources.thednn.ai/a47d1c3bd87ebb42
Report issues to feedback@thednn.ai.