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In addition to what’s in the headline, they also say:
Global coal demand is set to decline to 2026 – but China will have the last word
which is a big deal
Looks like it’s mainly China, India, and Indonesia that are increasing usage for industrial products and power generation. Europe increased a bit last year but is expected to drop and US rates are dropping.
There is also the fact that it was a bad year for hydro in China. If it were a normal year we might not have seen coal consumption go up as much.