Skip to main content

India to pass China as top coal importer

Published by , Editor
World Coal,


Traders and consultants have said that India is expected to eclipse China as the world's top coal importer in 2015, sooner than previously predicted.

According to Mayank Garg, Managing Director of Consultancy Venerable Energy Solutions, coal imports from India are set to rise to around 200 million t this year, from around 180 million t in 2014.

The Director commented, "It's happened much faster than expected because Chinese imports have gone down and prices have gone down - price plays a very important role in India."

Garg said that if prices remained around current levels, Indian imports could rise to 250 million t within three to four years.

Global coal prices have been down in recent years due to supply excess. Meanwhile a fall in Chinese imports has been sharper than had been expected.


Edited from sources by Joseph Green. Sources: First Post, Economic Times

Read the article online at: https://www.worldcoal.com/coal/21052015/india-pass-china-top-coal-importer-2309/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):