Glasenberg sees depleted export demand for coal due to COVID-19

INDIA and China have taken about 15% of demand for coal on the seaborne market because of COVID-19, according to Glencore CEO Ivan Glasenberg.

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Glasenberg sees depleted export demand for coal due to COVID-19   Glasenberg sees depleted export demand for coal due to COVID-19   Glasenberg sees depleted export demand for coal due to COVID-19   Glasenberg sees depleted export demand for coal due to COVID-19   Glasenberg sees depleted export demand for coal due to COVID-19

Glencore CEO Ivan Glasenberg.

He told an analysts' presentation that this had been mitigated on the supply side by countries such as Indonesia and Australia supplying less coal to the world market.