Investor Presentaiton
Million tonnes
10
With reliable energy required for transition, strong
demand is forecast
Forecast demand curves for seaborne thermal coal to 2040
1400
1200
1000
800
600
400
200
0
2023
2025
2030
2035
2040
I Commodity Insights ■AME
Wood Mackenzie
CRU
Sources: Commodity Insights June 2023 | AME July 2023 | Wood Mackenzie August 2023 | CRU August 2023.
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We consider several external
demand forecasts
Commodity Insights forecast
seaborne thermal coal demand
to grow to ~1200Mt by 2040 with
thermal coal being integral to the
global energy transition
AME is forecasting demand for
seaborne thermal coal in 2040 of
>900Mt, compared with Wood
Mackenzie's forecast of ~625Mt
CRU's forecasts are optimistic
around achieving Net Zero 2050View entire presentation