Global coal market steadies as demand holds near record highs

Chart showing global hard coal production and seaborne steam and coking coal trade from 1990 to 2025.

The global coal market remained remarkably resilient in 2025, with worldwide demand holding near a record 8.9 billion tonnes despite growing renewable capacity and ongoing decarbonisation efforts. New analysis highlights strong production growth in China and India, shifting trade flows, and a more stable pricing environment, while coal continues to play a critical role in power generation, steelmaking and industrial supply chains […]

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