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Australia - Latest news GMK Center

Photo – Australia increased coking coal exports by 19.5% y/y in September
Australia increased coking coal exports by 19.5% y/y in September

Compared to August, foreign supplies of these raw materials fell by 0.8%

Photo – Australia increased iron ore exports by 2.4% y/y in January-September
Australia increased iron ore exports by 2.4% y/y in January-September

In September, these volumes increased by 3.2% compared to August – up to 75.9 million tons

Photo – Australia lowers forecast for coking coal exports for FY2024/2025
Australia lowers forecast for coking coal exports for FY2024/2025

It is expected that prices for this raw material will fluctuate at the level of $200/t until 2026

Photo – Australia predicts a decline in ore export revenues in the next two years
Australia predicts a decline in ore export revenues in the next two years

The base price for iron ore in 2025 is expected to be $80/t

Photo – Australia increased exports of iron ore by 8% m/m in August
Australia increased exports of iron ore by 8% m/m in August

Compared to August 2023, export shipments of ore increased by 2%

Photo – Australia reduced coking coal exports by 17% m/m in July
Australia reduced coking coal exports by 17% m/m in July

Compared to July 2023, export shipments decreased by 1%

Photo – Australia expects iron ore prices to fall in 2024 to $96/t
Australia expects iron ore prices to fall in 2024 to $96/t

In 2025, the price of raw materials will be $84/t, and in 2026 – $77/t

Photo – Australia increased iron ore exports by 2% y/y in January-May
Australia increased iron ore exports by 2% y/y in January-May

In 5 months, Australian mining companies shipped 347 million tons of ferrous metals abroad

Photo – Rio Tinto invests $143 million in BioIron research center in Western Australia
Rio Tinto invests $143 million in BioIron research center in Western Australia

The company will specialize in evaluating the efficiency of the new direct iron recovery technology

Photo – Asian markets expect lower coking coal prices in Q2
Asian markets expect lower coking coal prices in Q2

In March, China led the decline in quotations

Photo – Rio Tinto reduced iron ore production by 10.9% q/q in Q1
Rio Tinto reduced iron ore production by 10.9% q/q in Q1

Sales of raw materials during this period decreased by 9.5% q/q

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