Industry Analysis & Industry Trends
Coal is a widely used global commodity, the price of which fluctuates greatly. Demand for both thermal coal and coking coal has increased over the past five years as some emerging economies have shown rapid growth. In the next five years, as the global economy normalizes, steel production will increase, boosting demand for coking coal. In addition, new technology that enables burning low-sulfur coal will increase demand for thermal coal in Western markets while keeping coal's environmental impact to a minimum... read more
The geographic spread of coal production mainly reflects the distribution of coal resources. Total recoverable reserves of coal worldwide stand at about 910 billion metric tons. Black coal accounts for about 83.0% of global coal reserves and brown coal for the remaining 17.0%.
Although coal deposits are widely distributed, about 67.0% of the world's recoverable reserves are located in four countries: the United States (27.0%), Russia (17.0%), China (13.0%) and India (10.0%). Not surprisingly, the regions in which these countries are located (North America, Europe, North Asia, and India and Central Asia, respectively) are the main coal producing areas.
The great bulk of North Asia region's coal production comes from China... read more