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/
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