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While metallurgical coal is seen as indispensable, advances in green steel technology present a path to phasing out coal reliance. , which identifies the main companies driving hundreds of new metallurgical coal projects and expansions, in an effort to dissuade investors from supporting them.
She said that hundreds of financial institutions are already using Urgewald’s Global Coal Exit List to restrict their financial flows to the thermal coal sector. Australia, Russia, and China dominate the expansion landscape, with Australia leading as the top exporter. India and Japan, key consumers of Australian met coal, continue to deepen their reliance on these exports. Japan’s Nippon Steel holds a stake in the Bulga mine, while India’s JSW Steel recently invested in Australian coking coal operations.
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