China coal demand set to rebound in 2026 as power growth offsets renewable gains

China coal demand by industry year-on-year change showing power, steel, chemical and construction sectors in 2024 and 2025

China coal demand is poised to rebound in 2026 as power demand growth reaccelerates after a weak 2025, driven by rising residential consumption, data centre expansion, AI-related load and electric vehicle penetration. While renewables and nuclear will deliver most of the incremental supply, they are unlikely to fully cover peak and low-output periods, leaving coal-fired generation to retain its role […]

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