International thermal coal prices largely remained bearish. While coal prices from all major origins fell throughout the week due to weak demand, and there was no evident support for Australian coal prices, they nevertheless increased. The demand side of the market stayed stable, with buyers predominantly anticipating further price discounts. Meanwhile, the supply side also remained stable, with no disruptions reported during the week.
The paper finds that overcapacity, coal dependence, and economic uncertainty are central hurdles in achieving China’s climate targets and will require stricter regulatory approaches to shift towards greener production. However, innovation in new technologies such as green hydrogen steel production driven particularly by state-owned enterprises, government green procurement policies, and enhanced recycling efforts illustrate opportunities for decarbonisation. International initiatives like the EU’s carbon border adjustment mechanism CBAM have led to efforts in China to improve emission reporting and engage in the discussion on global green standards. Source: Oxford Institute for Energy Studies (OIES)
Data centres are energy intensive. Some are banking on the emergence of renewable energy sources to power these centres. However, if this generation is not present, data centers may opt to build generation on-site or grid planners may need to delay fossil fuel generator retirements.
The global mining industry faced a challenge in 2023 that was at once unprecedented and familiar. The financial performance of the world’s Top 40 mining companies was squeezed by falling commodity prices and rising costs. Revenues fell more than 7%, despite increases in the production of key commodities, and profits shrunk, too; 2024 promises a continuation of these trends, marking the first time since 2016 that industry revenues will fall for a second consecutive year. And a mix of cyclical and structural issues compels leading miners to invest for growth and transformation even as revenues and profit margins come under […]
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