been king in Australia ever since British colonists first spotted the black stuff in coastal cliffs north of Sydney in the 1790s. Its grand epoch may finally be fading. China, Australia’s second-biggest coal customer, after Japan, was reported on February 21st to have imposed delays on coal imports from Australia at the northern port of Dalian, but not on those from other countries.
Coal is forecast to be Australia’s top export by value this year and the industry’s most immediate concern is the status of shipments to China. The delay on shipments has left Australian officials scrambling for explanations. Some recent Australian political decisions affecting China have displeased Beijing.
In the long term Australia’s coal industry may see a bifurcation, as exports rise for coking coal, which is crucial for the production of steel, and slump for thermal coal. Already, banks are limiting the amount of finance they make available for coal projects.
Australia is fading
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Music Industry's Revenue Continues To Grow, But Beneath The Surface Are Warning SignsThe latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. But growth in streaming is slowing down, leading to questions about where the industry will go next. For actual musicians, this is a disaster I wonder if the future of music might look something like this, where humans and robots play simultaneously, dependent on each other to make audible art:
Source: Forbes - 🏆 394. / 53 Read more »
Indonesia, Australia sign economic partnership on trade and investmentIndonesia and Australia on Monday signed an economic partnership agreement aimed... BklkdtutdyfzjxvojjjtretZgb l.
Source: Reuters - 🏆 2. / 97 Read more »
A powerful new sheriff is looking into the tech giants, but here’s why industry experts say you won’t see Facebook or Google get broken upThere's legal precedent for the Federal Trade Commission to look into past mergers, but insiders are skeptical that it will touch any of the big tech companies. Because there is nothing to break up?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Smartphones are getting weird again, and it could be a sign that the industry is on the brink of another huge changeBrands like Huawei, Samsung, and Nokia all recently debuted new smartphones with unconventional designs and features, a welcome change to the norm. Smartphones are over. Soon a nano-drone will hover over your shoulder. It will have all tech that is inside a smartphone and much more. You will be able to customize it's look. It can look like a fairy or a butterfly or a bee for example. Companies like Huawei and Nokia are becoming more relevant to today's society as they are innovating the smartphone. These smartphones have new technology including a foldable screen and a smartphone that has five cameras! 3500EDGEZachary innovation smartphones techinsider Smartphones are always weird because of very tough competition their innovation level is very high
Source: BusinessInsider - 🏆 729. / 51 Read more »
Senate confirms former coal lobbyist Andrew Wheeler as EPA administratorThe Senate confirmed Andrew Wheeler to lead the Environmental Protection Agency, handing the reins of the agency responsible for ensuring clean air and safe drinking water to a former coal industry lobbyist. We have gone so far down the rabbit hole, I fear we'll never find our way up again. Sickening. Thank you!! Not some fanatical whackjob
Source: latimes - 🏆 11. / 82 Read more »