Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined with increased seaborne demand from India.
The miner, which bolstered its output with the recent acquisition of the Daunia and Blackwater metallurgical coal mines from the BHP-Mitsubishi Alliance (BMA), expects its portfolio to benefit from supply constrained market dynamics.