Chinese company Xuan Yuan (XY Group), one of the largest Chinese corporate investors in Russia, plans to invest about 685 mio in the construction of a conveyor system for transshipment of Russian coal across the Amur River for further export to China. According to representatives of the China Coal Import Association, various options are being…
Coal is still a glowing part of global commodities markets even if prices for the energy source are sliding. Despite widespread perceptions that the coal industry is under threat, output is actually hitting new records — at least outside the U.S. and EU. China’s voracious appetite for thermal coal is a big driver of the…
Colombian coal shipments to Asia are about to reach a record high of 2.3 Mt in June. Kpler data shows that coal exports to Asian destinations have been on the rise since January 2023. In June, 0.9 Mt of Colombian coal were already shipped to Asia, compared to 1.3 Mt in May. With a Columbia-East…
Civilization as we know it wouldn’t exist without rare earth elements. No smartphones, LEDs, wind turbines, or even car batteries. REEs, such as cerium and scandium, are scattered throughout the earth’s crust. China alone produces nearly 90 percent of the world’s supply, and the U.S.’s only mine closed this year. But researchers could help break that…
South Africa has used coal to make electricity for decades. The country’s transition plan will cost billions and hurt jobs. But is there a way out? World leaders have gathered in Dubai to discuss climate issues. This includes ending the use of fossil fuels. Now South Africa is being forced to phase out its almost…
China’s coal-fired generation has increased the most of any power source this year as hydroelectric production has fallen amid lower-than-normal rainfalls that have reduced water levels on the biggest rivers and depleted hydro reservoirs. Wind and solar generation have also jumped this year as China leads global renewable energy installation capacity, but the need for…
India’s Government launched its 9th round of commercial auctions for its coal mines on Wednesday, as the country looks to boost domestic production of the fossil fuel to meet increasing energy demand. The auction will see 26 mines from four states offered out; 12 in Madhya Pradesh, eight in Chhattisgarh, five in Jharkhand and one in…
In October Germany will bring back 10GW of coal fired power stations to the grid, which will add 2mt of coal demand per month. The market has reacted with rising prices. However, to put it into perspective, whilst this will be a 100% jump in German imports, it is only 2% of global seaborne flows…
Colombian coal shipments to Asia are about to reach a record high of 2.3 Mt in June. Kpler data shows that coal exports to Asian destinations have been on the rise since January 2023. In June, 0.9 Mt of Colombian coal were already shipped to Asia, compared to 1.3 Mt in May. With a Columbia-East…
The overall outlook for US corn, soybeans and wheat in 2024 is for larger supplies only partially met by increased domestic use and firming global demand. That preliminary forecast from the Interagency Commodity Estimates Committee was presented during the US Department of Agriculture’s (USDA) 100th annual Agricultural Outlook Forum by Jake Vuillemin, an agricultural economist…