The Australian: “Colin Barnett has delivered a downbeat outlook for Australia’s two most valuable export commodities, arguing that coal is facing a long-term structural decline and warning that the iron ore industry’s period of record growth has ended.” “He saved his most dire warning for coal, which is produced mainly in NSW and Queensland rather than WA. “The change in the coal price is beyond cyclical: it is a structural change,” he said. “And while coal remains the world’s most used fuel for power generation and other purposes, the world is making policy decisions which mean that coal usage, in my view, will progressively decline. It’s a long-term structural change and that should not be dismissed as something that is purely cyclical”.”
Future Today
