Coal shipments should be 2.3% higher in 2024 than in 2022 after rising 5-6% in 2023, but falling 2-4% in 2024. Coal shipments into China and India have surged year-to-date, despite these countries’ push to reduce import dependency by increasing domestic coal mining. However, electricity demand in both countries has risen due to growing economic activity, while unseasonably high temperatures […]
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