Australia Set for More Severe Cyclones This Season on Warm Seas [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Most Read from Bloomberg The likelihood of more strong storms is higher because of the warmer than average ocean temperatures forecast for the region in coming months, the Bureau of Meteorology said in its long-range forecast on Tuesday. Overall, the total amount of cyclones is expected to be around the long-term average of 11. The season runs from November through the end of April. Over the years, cyclones have damaged iron ore export ports and shut natural gas operations in Australia's west, and flooded coal mines and swamped sugar plantations on the east coast. Warm ocean waters fuel tropical storms, and heat across regions where cyclones form is forecast to be above average from the start of the season, according to the bureau. There were eight cyclones that formed in the 2023-24 season, with four making landfall. Jasper brought heavy rain to Queensland's north in December, flooding homes and inundating sugar and banana plantations. In March, Megan damaged a manganese expor
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