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Russian coal exports to China drop 6.5% in 2025

Coal loading operation at a bulk terminal with a coal barge and tug alongside

Global coal prices diverge: Europe firmer, China softer, metallurgical coal surges

Data centres and coal linked by rising US data-centre electricity use and capacity projections

Data centres and coal: AI demand could slow the decline of US coal

China coal demand trends and implications for Indonesian coal exports

China coal demand faces structural headwinds from weaker steel and construction sectors

Pace of coal plant retirements versus new capacity additions in the US power system

The pace of coal plant retirements is putting US grid reliability at risk

Global coal prices shown through the ICE API2 Rotterdam futures one-year price chart

Global coal prices edge higher as API2 regains $100/t

Tajikistan coal demand in a regional context — extraction, consumption, and net exports in neighbouring countries

Tajikistan coal demand set to rise gradually despite hydropower dominance

India coal imports remain elevated as power and steel demand stay firm

API4 Richards Bay coal futures one-year price trend showing recent price stabilisation

Global thermal coal prices firm as gas volatility and supply tightness support markets

EUA prices versus coal-to-gas substitution price showing reduced coal displacement incentives

Coal-to-gas switching in Europe slows as ETS signals weaken and coal displacement matures

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