Coal Market News

Philippines’ top coal producer plans $5 billion mine expansion

15 Oct 2024 | Source: Bloomberg News

Semirara Mining and Power Corp., the Philippines’ largest coal producer, said it’s looking to spend 291.4 billion pesos ($5.07 billion) to expand its mines. The company has proposed to the Department of E....

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China’s 2024 coal imports to reach new record high, industry group says

13 Aug 2024 | Source: ming,com

A key Chinese coal industry group said on Wednesday it expects coal imports this year to reach at least 500 million metric tons, exceeding previous record highs and forecasts by market participants. Coal imports in 2024 will hit th....

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Coal to remain a dominant power source in India

07 Aug 2024 | Source: S&P Global

Coal is poised to remain a dominant power fuel in India for nearly two decades despite popular belief that renewables will be fueling majority of power in Asia, and primarily India, as huge investment required to build green capacities and intermitte....

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Stable coal consumption expected through to 2025 as electricity demand surpasses renewables supply

25 Jul 2024 | Source: Mining Weekly

Despite the rapid expansion of renewable energy generation capacity, the considerable growth of electricity demand in key economies indicates the world’s consumption of coal will stay largely stable this year and next, intergovernmental agency ....

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Coal records 10.2% growth among eight key infra sectors in May

12 Jul 2024 | Source: Helling Shipping News Worldwide

The coal sector has demonstrated growth of 10.2% (provisional), following the electricty indutrsy among eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI) (Base Year 2011-12&....

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International coal prices continue upward trend

16 Apr 2024 | Source: The Coal Hub

The thermal coal market continues to be influenced by the supply disruption stemming from the bridge collapse in Baltimore, USA, which occurred two weeks ago. This disruption is driving up prices for coal from the USA and South Africa. Meanwhile, Rus....

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What’s next for Australian coal?

09 Apr 2024 | Source: Australian Mining

The global appetite for coal grew eight per cent in 2023, but global conditions and volatile weather patterns are setting an uncertain stage for the commodity. Australian Mining investigates. The Federal Government’....

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Domestic coal market sees no immediate impact from Port of Baltimore closure

09 Apr 2024 | Source: SP Global

The closure of the Port of Baltimore following the collapse of the Francis Scott Key Bridge has temporarily halted all shipping traffic, including about 28% of US coal exports, the US Energy Information Administration said March 28. &#x....

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ICE working on nickel derivatives with new trading platform

27 Mar 2024 | Source: FOW

Intercontinental Exchange is working on nickel derivatives contracts, making the US group the first major exchange to move on nickel since the London Metal Exchange suspended trading in that metal two years ago. ICE said it is work....

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Global Commodities Holdings to work with ICE to create nickel contract

27 Mar 2024 | Source: Reuters

LONDON, March 27 (Reuters) - UK-based Global Commodities Holdings Ltd (GCHL) will launch its physical metals platform next month starting with nickel which will be traded for delivery in locations from Baltimore to Yokohama, the c....

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