Investments in new coal mining projects are being taking into consideration in several countries. Despite the current high coal prices, acceleration in announced or under construction projects are subject to environmental, social and governance considerations, particularly as an increasing number of countries pledge to reach net zero carbon emissions by 2050.

The Russia-Ukraine conflict is fuelling higher commodity prices, on the back of a tight market in Europe and Australia is expected to reap the benefits, with a massive surge in earnings from natural resources

The Russia-Ukraine crisis has created a new negative supply shock for the global economy. AME now expects global economic growth of 3.9% this year, down from our previous forecast of 4.5%. In 2023, AME expects global GDP growth of 3.2%.

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