Investor Presentaiton
A substantial supply gap is also expected for
metallurgical coal
Global supply / demand for HCC1 (Mt)
300
250
200
150
100
50
0
74Mt
Shortfall
Supply
Demand
Metallurgical coal is essential for the global energy
transition as well as developing countries'
infrastructure growth
The structural shortfall in HCC supply is a result of
continued underinvestment in producing assets
Commodity Insights forecasts a 74M tonne shortfall in
supply by 2040, underpinned by strong demand
growth from India; demand for HCC is forecast to grow
by ~30% from 2023 to 2040, while supply falls by ~5%
Wood Mackenzie forecasts demand for seaborne
metallurgical coal into Asia growing by ~29% to 2050,
with India's demand to grow ~110%
300
250
200
150
100
Asia seaborne demand for metallurgical coal² (Mt)
■Japan
China
■Taiwan
■South Korea
■Pakistan
Malaysia
Vietnam
50
■Indonesia
0
■India
2023 2024 2025 2030
2035 2040 2045
2050
11
1.
Source: Commodity Insights 2023 entire HCC complex including Hard, Semi Hard, SSCC & PCI global seaborne supply.
2. Source: Wood Mackenzie January 2024 seaborne metallurgical coal.View entire presentation