China is poised to witness a potential record surge in the import of Mongolian coking coal in 2024, following a more-than-doubling in 2023
In 2023, Mongolia experienced a substantial increase in its coal exports, reaching 66.70 million tonnes (mt), a notable rise of 110.5% YoY
From January to November 2023, Mongolia’s total coal exports totaled 59.6911 million tons, an increase of 120.21%
Construction of the Xingbao Railway for coal exports double-tracking project is currently being stepped up.
Indian government officials are negotiating with Mongolia to seek opportunities to invest in their infrastructure to import of coking coal.