Coronado Global Resources Inc (ASX:CRN) anticipates a long-term growth in global met coal export demand, which is expected to push trade flows up to an estimated 548 MMT by 2040.
The company also predicts increased demand and pricing for seaborne met coal to emerge in late-Q3 as restocking demand improves market dynamics.
For the remainder of 2023, Coronado Global projects met coal pricing to stay above the long-term historical average price.
Coronado Global Resources Inc is a leading producer of high-quality metallurgical coal.