Josh Frydenberg says India's demand for Australian coal will increase
by Daniel Hurst Political correspondent from Environment | The Guardian on (#1434X)
Resources minister believes China 'not the only game in town' but acknowledges global demand for coal will fall as percentage of overall energy mix
Australia's resources minister has predicted India's demand for coal will increase, even as some analysts warned him against relying on "overly bullish" forecasts.
In a speech in Canberra, Josh Frydenberg said China - which is undergoing an economic transition - was "not the only game in town" and strong economic growth in India would drive increased demand for Australian resources.
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