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Global coal prices rise as geopolitical risks lift thermal markets
Global coal prices strengthened during the week as geopolitical tensions supported European, South African, Australian and Russian thermal coal markets. However, weak Asian demand, high Chinese inventories and subdued Indian buying continued to limit broader market momentum. Against this mixed backdrop, API2 European coal futures rose to $120.95/t, while South African API4 futures advanced to $109.90/t. Australian 6,000 NAR coal […]
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China coal: New report questions whether renewables can displace fossil fuels
China coal remains deeply embedded in the country’s evolving power system despite record investment in wind and solar capacity, according to a new analysis examining the challenges facing China’s renewable energy megabases. The briefing finds that while China is constructing more utility-scale wind and solar capacity than the rest of the world combined, transmission bottlenecks, grid constraints and electricity market […]
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German coal phase-out faces delays in replacement gas capacity
German coal phase-out plans are increasingly being shaped not by policy, but by the pace at which replacement gas-fired capacity can be built. A new analysis suggests Germany’s transition remains broadly on track, but delays to new gas projects could leave a widening gap between coal retirements and the dispatchable generation needed to maintain security of supply and manage power price […]
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APEC coal demand remains resilient despite accelerating energy transition
APEC coal demand continues to be supported by the region’s growing energy needs, even as investment in renewables and low-carbon technologies accelerates. Coal remains the backbone of the APEC energy mix, while coal and natural gas together continue to dominate electricity generation across many of the world’s fastest-growing economies, underlining the fuel’s enduring importance despite the pace of the energy transition. […]
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MARKET INSIGHTS

Kazakh coal transit through Russian ports rises 34% in H1 2026
Kazakh coal transit through Russian ports increased sharply during the first half of 2026, supported by rail agreements and sanctions

Russian coal exports face 12 million tonne risk from Black Sea attacks
Russian coal exports could decline sharply if continued attacks disrupt loading operations across the Azov–Black Sea basin. The Black Sea

Global coal prices rise amid geopolitical tensions and stronger summer demand
Global coal prices strengthened overall during the past week, supported by geopolitical tensions, higher energy prices and stronger summer demand.
UPCOMING EVENTS
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