‘Skyrocketing’ Chinese imports of Mongolian coking coal to ‘reshape global shipping markets’
Just over half of China’s coal imports came from landlocked Mongolia in the first four months of 2024, compared with about a third in 2020, figures from shipping consultant Drewry show
Landlocked Mongolia exports 90% of its coking coal to China via rail, which alongside increased short-haul Russia-China shipments and drastic cuts in Australian exports to the world’s biggest buyer are set to redefine routes and demand patterns