Column: Australia’s exports of energy transition metals to top thermal coal

Metals and electronics workers are seeking an 8% wage increase amid soaring inflation. 

The allocation of $500 million each to the coal-dependent countries will come in the form of “concessional,” or low cost, finance, the World Bank-affiliated fund said in a statement.

The forecast comes as the Ukraine war, strikes and floods hit production of five commodities mined by the company.

Transnet has come under fire from exporters of bulk commodities because it can’t supply them with adequate rail capacity at a time when demand is booming.

The country has intensified its search for alternative energy sources, ranging from coal to renewables, to cut LNG imports.

Botswana is seeking to secure funding partners for a $2.5 billion plant to produce synthetic fuels from coal.

India also boosting its imports of Russian crude and coal, with both Asian giants taking advantage of the discounts on offer.

Treasurer Jim Chalmers said the boost to revenues from higher employment and commodity prices was likely to be "temporary".

Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year.