News Snapshot:
China’s state planner has allowed three central government-backed utilities and its top steel maker to resume coal imports from Australia, the first such move since Beijing imposed an unofficial ban on coal trade with Canberra in 2020. The partial easing of the coal import ban comes after the Australian and Chinese foreign ministers met last month seeking to reset the frosty diplomatic relations between the two nations. The National Development and Reform Commission (NDRC) summoned China Datang Corp, China Huaneng Group, China Energy Investment Corporation and China Baowu Steel Group on Tuesday to discuss the resumption of coal imports from...
