After a Jekyll and Hyde year in 2019, and a decade characterised by China’s disruption of the met coal trade, participants can be forgiven for being sick of change. But research firm Wood Mackenzie believes a shift toward consistency and stability is probably too much to ask for in 2020 as China continues to play powerbroker over the seaborne market and spot pricing.
Woodmac says 2020 is likely to be a pivotal year for those miners who struggled through the second half of 2019.
Under the global microscope, coal suppliers looking to grow will continue to face creeping resistance, grappling with an unfriendly permitting environment, and a climate-induced shift in capital. But opportunities for growth will still exist this year, and we expect the emergence of some potentially game-changing technological developments to keep the market particularly interesting.
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