Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%). These were only partially offset by increases in China (4%) and India (0.7%). Additionally, during the last year, there was an estimated .
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Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%). These were only partially offset by increases in China (4%) and India (0.7%). Additionally, during the last year, there was an estimated 3.5% reduction in the global thermal coal demand, while the world’s metallurgical coal demand fell by 5.9%. However, global coal production is set to recover by 3.5% to 8 billion t in 2021, according to GlobalData, a leading data and analytics company.
With the US coal industry already challenged by high production costs and low natural gas prices, the country’s output was severely impacted by the COVID-19 pandemic, with key companies halting their operations as part of preventive measures. Additionally, a decline in domestic demand as well as export market demand affected output from Indonesia and Russia.
After a 2% decline in 2020, global coal production is expected to rise by 3.5% in 2021, says GlobalData
GlobalData 9 April 2021 (Last Updated April 8th, 2021 16:45)
Global coal output, impacted by the COVID-19 related lockdowns and restrictions, is estimated to have declined by 2% in 2020, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%).
In China, growth of 2.5% is expected, supported by the commencement of projects including Dahaize and Xinjiang Zhundongs. Credit: Yu TANG on Shutterstock.
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Global coal output, impacted by the COVID-19 related lockdowns and restrictions, is estimated to have declined by 2% in 2020, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%). These were only partially offset by increases in China (4%) and India (0.7%). Also during the last year, there was a