FX.co ★ Coal Firms on Solid Demand Prospects

Coal prices have surged towards $110 per ton, nearing their one-month peak, as China gears up to introduce over 100 new coal-fired power plants intended to provide electricity worldwide throughout this year. China, the dominant global player in coal consumption, production, and importation, continues to lean on this resource to fuel its economy, even as it steadily grows its renewable energy sector. Nevertheless, Beijing has pledged to start reducing coal usage by 2030. Recent figures revealed a 9.6% decrease in China's coal imports last year, dropping to 490 million tons due to increased domestic production and an unusual reduction in thermal power generation. Additionally, a private study indicated that coal power generation saw a reduction in both China and India in 2025, marking the first time in fifty years that both nations experienced a simultaneous decline, as they both achieved record levels of clean energy adoption.