U.S. Coal Benefits from China-Australia Rift

A rift between Australia and China has benefited U.S. coal companies, Trains magazine recently reported on its website.

China stopped buying coal from Australia after top government officials there were critical of China’s handling of the COVID-19 outbreak.

The Trains article noted China is heavily dependent on imported coal for steel making and power generation.

The U.S. Energy Information Administration found the United States has exported 5.4 million tons of coal to China in the first six months of this year, a 920 percent increase over exports in the same period in 2020.

The article can be read at https://www.trains.com/trn/news-reviews/news-wire/analysis-chinas-ban-on-australian-coal-is-benefiting-u-s-railroads/

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: