Global coal markets at a climax?

Global coal demand hit an all-time high in 2022, driven by China and India mainly. With lower prices, 2023 could see another record use. But according to the author of this report, this is not a lasting coal comeback. Already in 2023, European coal demand is collapsing. US coal demand is continuing its structural decline. Even in China, where coal power plant permitting is experiencing a new boom, coal demand may decline as soon as 2024. Indian demand is likely to continue growing over the decade though. Source: Sylvie Cornot-Gandolphe