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US Coal Exports to India May Increase Due to China Tariffs
Hindustan Times Pune
|February 12, 2025
The US is expected to boost coal exports to India after China imposed tariffs on energy imports from the US, five industry officials said, potentially eroding Australia and Russia's market shares in the Indian market.
NEW DELHI:
China's Finance Ministry last week said it would impose levies of 15% on imports of US coal, which the officials said could push US miners to ship to India - the world's second-largest coal importer behind China.
"Three US cargoes that were supposed to go to China have landed in India and around 10 more cargoes are waiting. These are huge capesizes and that could further drag down prices," Vasudev Pamnani, director at India's I-Energy Natural Resources, said.
Dit verhaal komt uit de February 12, 2025-editie van Hindustan Times Pune.
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