Coal Market News

Aerospace sector needs more nickel, capacities limited – Stainless Espresso

07 Nov 2023 | Source: Steel News

The aerospace industry is demanding more and more nickel due to full order books. High-quality nickel products increasingly difficult to obtain. Prices have doubled. Last week, the Japanese government passed a comprehensive stimulus package to boost ....

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Coal free by 2070? India’s push toward renewables won’t stop coal reliance for the next two decades

07 Nov 2023 | Source: CNBC

India’s reliance on coal will not wear off in the next two decades as it struggles to find other ways to cool homes down and keep the lights on. Fossil fuels, mainly coal, continue to make up 75% of India’s power supply, mak....

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EU may burn 185mt more coal by 2030 on Russia gas cut

07 Nov 2023 | Source: Montel

Europe could burn around 185m tonnes more coal than previously anticipated by 2030 due to reduced Russian gas imports following the country’s invasion of Ukraine, an analyst at McCloskey said on Monday. “Europe will run coal much....

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China coal use doesn’t jeopardise green targets – analyst

07 Nov 2023 | Source: Montel

China’s rising use of coal “complicates” its green targets but does not mean it will fail to meet them, with the country’s renewable capacity rollout likely to exceed plans, an Oxford Institute of Energy Studies (OIES....

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Asian seaborne thermal coal demand picking up, but prices stay soft

07 Nov 2023 | Source: Reuters

Demand for seaborne thermal coal in Asia is starting to pick up ahead of peak winter consumption, but prices are still trending weaker as soft European imports force suppliers to shift destinations for their exports. Lower domestic....

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U.S. increases coal exports to Europe amid sanctions on Russia

06 Nov 2023 | Source: Spectrum News

The United States substantially increased its coal exports to Europe over the past year, following sanctions the European Union imposed on Russia. The U.S. increased its coal exports 22% between August 2022 and July 2023 &ldqu....

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Shanghai exchange exploring potential LME nickel rival

15 Sep 2023 | Source: Reuters

The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange's (LME) contract, five sources with knowledge of the matter ....

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Shanghai nickel hits near 4-month high on supply worries, firm demand

05 Sep 2023 | Source: Reuters

Shanghai nickel jumped on Monday to its highest in nearly four months, helped by rising ore prices, tightened supply from top producer Indonesia and firm demand from the stainless steel sector. The most-traded October nickel contra....

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India steps up coal use to stop outages triggered by unusually dry weather

05 Sep 2023 | Source: Reuters

India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. It is unusual for ....

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Optimizing the Downstream of Nickel Industry as Indonesia's in Effort in Economic Upgrading

18 Aug 2023 | Source: Modern Diplomacy

The phenomenon of the electric automotive industry in the world has developed in a progressive direction and with nickel as a raw material for making batteries, the Indonesian nickel industry plays a very important role and is a huge potential source....

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