Coal shipments to India rose 10% y/y
NewsBetween January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.
India’s 5% iron ore export tax increase may further tempt Chinese buyers back into the annual loveless embraces of BHP Billiton, Rio Tinto and Vale in preference to the uncertain supply and volatile prices of the spot market.
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