Reflective Journal Article 2022

Running head: REFLECTIVE JOURNAL
Reflective Journal
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REFLECTIVE JOURNAL1
Table of Contents
Article 1...........................................................................................................................................2
Article 2...........................................................................................................................................3
Article 3...........................................................................................................................................4
Article 4...........................................................................................................................................5
Article 5...........................................................................................................................................6
Bibliography....................................................................................................................................8

REFLECTIVE JOURNAL2
Article 1
https://www.theguardian.com/environment/2019/dec/27/price-of-australian-thermal-coal-slumps-
to-lowest-in-more-than-a-decade
Reflective
The article speaks about the fall in coal price in Australia. The fall in price of coal in one
week time is drastic. The price fell from US$ 100.73 to US$ 66.20 in just one week. It is argued
in the article that this fall in price of coal is due to the continuous decline in the export demand.
The major importer of Australian cola is China but after the advent of the US and China trade
war China has put is focus on developing the local industry. In the process, the country is relying
on renewable source of energy. Export demand from European countries and the US has also
declined. The mining industry in Australia is providing continuous supply coal and causing
supply to exceed the demand and as a result, the price of coal falls. It can be observed in the
article that there is an estimated fall in revenue in the coal industry in Australia. As per the
estimation of the article the export revenue of coal will fall by the AUD 5.4 billion and it may
fall further in coming year. However, it is estimated in article that there will be growth in the
earning from coal in 2024. It said in the article that due to surge in demand from India the
demand will rise. However, there are threats to the business as there availability of renewable
source of energy that are cheaper than coal. Therefore, it can be said that demand and supply is
significant in a business to earn revenue (Inoua & Smith, 2020). The company should have
reduced eh supply of coal to match the demand or find new options to expand their business and
meet demand and supply to keep the price stable. Therefore, any business decision depends on
the drivers of demand and supply. It is necessary to closely monitor the drivers such that the