India to Overtake China as Biggest Coal Importer

The Financial Times reported that there is a strong argument among many miners and traders to support the idea that India may soon be the world’s largest importer of coal, bumping China from first place.

As quoted in the publication:

Coal is India’s most important energy source – supplying more than half of all power stations – and the country, alongside Korea, is emerging as one of the few bright spots in the 1bn tonne a year seaborne thermal coal industry.

In the wake of adverse legal rulings – the Supreme Court recently cancelled more than 200 coal licences held by dozens of private sector groups – miners and traders are tipping strong import growth from India.

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