Country Report
Global coal supply summary
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Report summary
The metallurgical coal market in 2024 remained profitable despite fluctuations in prices and weak demand in China. Strong demand from India’s steel industry and efficient cost management contributed to maintaining healthy margins. Overall, thermal coal market in 2024 was marked by significant shifts in supply-demand dynamics, price volatility and increasing pressure from the global energy transition. Efficient producers with lower cash costs could maintain healthy margins despite these fluctuations.
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