Coal-fired power as a security backstop in Europe’s grid
December 16, 2025
Thermal coal prices remain relatively high, despite some easing in May and June as supply conditions improved. The Newcastle benchmark price (6,000 kcal) is forecast to fall from almost US$360 a tonne over 2022, to US$120 a tonne by 2025. Gradual recovery from recent supply outages is expected to see Australian thermal coal exports rise from 178 Mt in 2022–23 […]
