MELBOURNE: New Hope Corp, Australia’s top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term.
New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for Australian coal from power stations in Japan, South Korea and Taiwan.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
