Investor Presentaiton
10
Million tonnes
There is a significant supply gap forecast for
high-CV (HCV) thermal 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
2030
2031
2032
2033
2034
2035
2036
2037
139Mt
.
Commodity Insights studied HCV supply
and demand taking into account limited
expansion projects in the pipeline
Demand is forecast to grow by ~28% from
2023 to 2040, while supply falls by ~23%
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 renewable energy sources
Supply
-Demand
Source: Commodity Insights 2023 base case assumption global seaborne supply including planned / end of mine closures.View entire presentation