South Korean government urged power companies to reduce their imports of Russian coal, particularly through spot market transactions.
Asian metallurgical coal prices rose due to increased buying interest. Bids for October-loading coal ranged from $276-$290/mt FOB Australia.
Approximately 500 workers from a coalition of the Australian unions, initiated a three-week strike at Chevron’s LNG plants.
Weak monsoon rainfall in India has led to a decline in hydropower generation, increasing reliance on coal-fired power.
US domestic met coal market is currently facing several challenges, with the UAW strike looming on the horizon.
We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.
New South Wales (NSW) will update coal royalty rates to ensure a fair return for the state’s resources in modern market conditions.
The following report published by a Chinese investment bank, Cinda Securities, contains some inside baseball on the Chinese coal industry.
Cameco has provided a market update indicating challenges at the Cigar Lake mine and Key Lake mill will affect their 2023 production forecast.
Safety inspectors in China’s Shaanxi province have ordered the suspension of operations at two more coal mines
In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022
Australian prime hard met coal prices are expected to rally further due to a supply squeeze, resulting in progressively higher priced trades.