BusinessPhoto: Mint MarketsChina Coal Prices Reach Three-Year High Amid Supply Disruptions
China's thermal coal prices surged to a three-year high, reaching 1,004 yuan per ton due to slow domestic production growth and export disruptions from Indonesia. Prices have risen 25% since mid-July. Coal remains the main electricity source in China, despite renewable energy growth. Domestic output fell over 3% through August after safety measures increased following a fatal mine collapse in Shanxi. Restart approvals lag, with cautious authorities ahead of a major Communist Party meeting.
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