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Premium Content: Coal Market Outlook

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China’s energy supply by fuel from 2000 to 2023, showing coal, oil, gas, renewables and other energy sources

APEC coal demand remains resilient despite accelerating energy transition

Australian coal and Northeast Asian LNG price trends from 2014 to 2026

Australian coal prices to stay supported as buyers seek LNG alternatives

Gas-to-coal switching as EU gas-fired power generation costs rise above coal generation costs in 2026

Higher LNG prices expected to drive gas-to-coal switching across Asia

World map showing regional coal consumption (2022–2024) with bars for United States, Europe, China, India and rest of world; US declines from 9.9 to 7.9, Europe falls from 9.9 to ~7.6, China rises from 87.8 to 92.2, India from 20.0 to 23.0, rest of world around 34.0–34.4.

Global coal demand remains resilient despite the energy transition

Chart showing historical and forecast thermal coal prices in US dollars per tonne from 2015 to 2035.

New analysis highlights financial and market risks facing Whitehaven Coal

Chart showing global hard coal production and seaborne steam and coking coal trade from 1990 to 2025.

Global coal market steadies as demand holds near record highs

Two-panel chart: left shows quarterly U.S. coal production by region (Interior, Appalachia, Western) as stacked bars for 2024–2027 with forecast; right shows annual change in MMst (forecasted) with blue bars. Data source: EIA Short-Term Energy Outlook, June 2026.

U.S. coal production outlook points to lower output through 2027

Chart showing Newcastle thermal coal forecast range, average and median prices from 2026 to 2030.

Coal price forecasts point to continued market resilience through 2030

Chart showing China thermal power generation trends from 2021 to 2026, with 2026 levels remaining elevated in early 2026 amid stronger reliance on coal-fired power generation.

China coal demand gains as Hormuz crisis reinforces energy security concerns

Stacked bar chart showing India energy demand growth by fuel including coal, electricity, biomass, gas and liquids from 2020 to 2070

Long term India coal demand locked in by industrial growth

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