Coal-fired power as a security backstop in Europe’s grid
December 16, 2025
The premium Australian hard coking coal (HCC) spot price has declined sharply over recent months, and is forecast to remain subdued over the outlook period. Rising supply combined with falling demand is expected to drive an easing of the average price from US$186 a tonne in 2019 to US$158 a tonne in 2021. Source: Office of the Chief Economist, Australia
