Reported about 5 hours ago
Chinese coal prices are low as the country approaches a pivotal year for climate goals, complicating efforts to cut coal use ahead of its 2026 targets. Despite a recent slump in demand, coal production is expected to reach record levels. While rising renewable energy supplies are meeting electricity demand, the affordability and abundance of coal, especially as it finds new applications in the chemicals industry, hinder significant reductions in its use.
Source: YAHOO