MANAGEMENT

Coal prices forecast to fall

HARD coking and thermal coal prices will come down to earth in the next three years, according to a summary of forecasts by KPMG.

The current median Newcastle benchmark thermal price of $127.7/t FoB is forecast to decline to $75/t by 2025.

The current median Newcastle benchmark thermal price of $127.7/t FoB is forecast to decline to $75/t by 2025.

The KPMG summary found forecasters expected the HCC median price to drop from the present US$193 per tonne free-on-board to about $144/t in 2024. The lowest estimate for 2024 was $133/t while the highest...

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