Coal Firms on Solid Demand Prospects
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Coal prices are nearing $110 per ton as China prepares to launch over 100 coal-fired power generators this year. Despite being the largest coal consumer, producer, and importer, China is also expanding renewable energy while pledging to phase down coal use before 2030. Last year, China's coal imports fell by 9.6% to 490 million tons due to increased domestic output and a decline in thermal power generation. Additionally, coal power generation in both China and India fell in 2025, marking the first simultaneous drop in 50 years as clean energy capacity increased.
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