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The cost of raw materials increased as a result of exchange rate duties that were implemented in October, which was the primary cause of the decrease in supplies.
The article claims that Australia is now supplying more coal than Russia due to the latter's coal supplies from eastern ports being substantially less expensive. China's need for coal is decreasing at the same time as a result of the country's massive coal reserves that are held in power plants.
The Russian Ministry of Energy had earlier announced that Russia would supply up to 100–102 million tons of coal to China, five times as much to India. The ministry also stated that Russia and China are drafting an intergovernmental agreement that will set a fixed volume of 100 million tons for Russian coal exports.
source: reuters.com
The article claims that Australia is now supplying more coal than Russia due to the latter's coal supplies from eastern ports being substantially less expensive. China's need for coal is decreasing at the same time as a result of the country's massive coal reserves that are held in power plants.
The Russian Ministry of Energy had earlier announced that Russia would supply up to 100–102 million tons of coal to China, five times as much to India. The ministry also stated that Russia and China are drafting an intergovernmental agreement that will set a fixed volume of 100 million tons for Russian coal exports.
source: reuters.com
