Three fatal accidents in as many days have led to mining suspensions in Shanxi, a major coal-producing province in China.
France has embraced nuclear power as a green energy source, aiming to build six new reactors and considering an additional eight.
Australian metallurgical coal prices dropped up to $54.00/t in a week due to ample prime hard spot availability and competitive alternatives.
India’s steel industry executives gathered in Delhi to discuss ways to reduce carbon emissions. Indian Met Coke Reliance to Increase
The average operating rate of blast furnace (BF) steel mills decreased by 0.44 percentage points to 90.94% last week
Chinese premium metallurgical coal prices were steady in early November, driven by soft coke prices and sustained demand from end-users.
China is facing an oversupply of coal, with robust domestic production and surging imports creating a glut in the market.
Australian metallurgical coal prices have seen a small rally, influenced by factors like supply tightness and market tactics.
Australian mining company South32 experienced an unexpected 18% decline in first-quarter metallurgical coal production.
The interest in seaborne metallurgical coal in China is waning due to a slowdown in steel production and sustained losses in steelmaking.
In first half of October, coal stocks at power plants in India experienced a rapid depletion, dropping by 12.6% to 20.58 million tonnes.
Seaborne buying interest for CFR China basis increased due to tight domestic met coal supply and higher Q4 prices for domestic PLV.