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Indonesian HBA thermal coal prices by month, 2016–2022.

Indonesia’s thermal coal benchmark hits 6 month low

Chart showing year-on-year growth in Indian coal-derived electricity generation turning sharply negative in late 2025.

Indian coal demand slump pressures dry bulk market in late 2025

PJM marginal fuel mix showing long-term decline of coal and rise of gas from 2004 to 2025

Coal props up PJM reliability as data centre power demand drives up costs

API4 Richards Bay coal futures chart showing 1-year price decline toward USD 88/t in late November 2025.

Global coal prices show mixed momentum across Atlantic and Pacific markets

Chart showing productive capacity of US coal mines from 2014–2024, with underground, surface, and total capacity all declining over time.

US coal production hits new lows with steep cuts in Western states

Stacked area chart showing Indonesia’s electricity production from 2015–2024, highlighting coal’s dominant share and minimal growth in solar and wind.

Indonesian coal sector faces oversupply and ageing power fleet risks

Line chart showing US coal exports rising from 2000–2024 while imports steadily decline to near zero.

US coal dynamics reflect long-term shifts in consumption and generation

Bulk carrier loading coal at a port, representing global coal prices and seaborne coal market activity.

Global coal prices show mixed moves as Australian and Indonesian benchmarks rally

Freight train transporting coal through a rural corridor, illustrating Russian coal exports logistics.

Russian coal exports to China drop 8.3% in Jan-Oct 2025

Kuzbass coal production – miners working underground in a regional coal mine

Kuzbass coal production down 3.7% in Jan-Oct 2025

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