Investor Presentaiton
11
Million tonnes
A significant supply gap is forecast for HCV coal
Commodity Insights forecast seaborne supply & demand for High CV coal (>5850 NCV)
400
350
300
250
200
150
100
50
0
2023
2024
2025
2026
2027
2028
2029
2033
2034
2035
139Mt
2036
2037
2038
2039
2040
Commodity Insights studied
HCV supply and demand taking
into account limited expansion
projects in the pipeline
With several large mines nearing
end of mine-life, volumes needed
to meet demand will no longer be
available
Underinvestment in projects to
meet Net Zero targets will lead to
a shortfall in supply for energy
security as the globe transitions
to more green energy
Supply
Demand
Source: Commodity Insights 2023 base case assumption global seaborne supply including planned / end of mine closures.View entire presentation