Stephen Galilee's Speech at the Hunter: Coal's Future Outlook

August 25, 2016

Coal is our state’s most valuable export commodity, accounting for around 20% of all NSW exports by value, including goods and services.

And like many other export commodities, whether they be minerals or agricultural, coal is subject to a global commodity price cycle, and influenced by global currency exchange rates.

Commodity prices are ultimately determined by supply and demand.

And when it comes to coal, many factors can in turn influence these two variables. 

Economic growth is another factor - strong growth driving demand, slower growth reducing it.

Government policies here, and overseas, can also influence supply and demand, limiting or encouraging production, or by promoting different forms of energy generation.

Download the full presentation here.

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