China Is Determined To Kill The Coal Price Rally

Coal has come back to the global energy market in a fashion that very few could have anticipated – on the back of a massive energy crunch, the consequences of which span across continents. Also, there could not have been a worse time for coal making a return, literally weeks before the much-anticipated COP26 summit takes place in Glasgow. China, the world’s largest coal producer and consumer, has played a major role in driving thermal coal prices higher. Despite gas making substantial headway over the past decade, coal still accounts…