Metallurgical Coal
Prices are forecast to be flat through 2026, before increasing slightly in 2027.
Australian export volumes are forecast to increase to 150 Mt in 2025–26 and 161 Mt in 2026–27.
Earnings are expected to fall from $39 billion in 2024–25 to $36-37 billion in 2025–26 and 2026–27.
(source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-december-2025
ABH Resources Insights:
A number of Australian producers are now using the term Steel-Making Coal to differentiate its value case from thermal coal.