Business
How the boom bypassed iron ore’s poor cousin in Queensland – The Australian Financial Review
The Queensland coal towns that helped Scott Morrison to election victory in 2019 are missing out on the global steel boom – and rightly or wrongly, many blame BHP….
The impact of the China ban has been to realign trade routes, with Australian coal now going to Europe and other nations whose coal supply has been pinched by China.
It is like moving the deckchairs around, explained Glencore boss Ivan Glasenberg in February.
While demand has remained strong, the other factor that drives prices, supply, has been modest from Australia.
Safety incidents have dramatically reduced output at two of Anglo Americans best Queensland mines. Two of Peabodys Australian mines…
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