Canadian Companies Fills Coal Gap as Australian Exports to China Remain in Limbo

Australia is responsible for a third of the world's traded coal. Ian Waldie/Getty Images

Canadian mineral companies are moving to fill the gap left by Australian coal exports into China with companies like Teck Resources announcing they have been diverting coal resources to China.

Teck Resources in a market update on Nov. 22, noted it had increased its steelmaking coal sales to China for the fourth quarter of 2020 in response to increased demand.