Coal – The Globe and Mail reported that Japan's coal use has increased as it "tries to lower the cost of replacing nuclear energy," with the result being that its 10 main utilities used almost 16 percent more coal in the first 10 months of 2013 than they did in the year-ago period. Further, they increased their imports of the fuel by 11 percent.
Articles Tagged "coal demand"
Coal – Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.
Coal – Reuters reported that many coal mine investments over the past 10 years were driven by Chinese demand for the fuel. As a result, the country's plan to address pollution is now threatening major coal projects in locations such as Australia, Indonesia and Mozambique.
Coal – Wood Mackenzie believes that by 2020, coal will take oil's place as the most dominant source of fuel in the world.
Coal – Reuters reported that according to a new report completed by German and Polish researchers, renewable energy groups and Greenpeace, by 2030, Poland may cut its coal demand in half by shifting toward renewable energies.
Coal – Reuters reported that as China makes the switch to cleaner energy, its demand for thermal coal will drop; however, emerging markets in the same region will compensate for the Asian giant's absence.
Coal – The Sydney Morning Herald reported that although the third quarter of 2013 was the worst in four years for Asian coal prices, they are now set to rally on the back of strengthening Chinese demand and Australian coal production cuts.
Coal – Reuters reported that according to the Bureau of Resources and Energy Economics, Australia is set to export 192 million tonnes of thermal coal from 2013 to 2014, a 6-percent increase. In the five years following that time, the country's exports of the fuel are expected to rise at an average rate of 8 percent.
Coal – At the Coal Association of Canada's 2013 conference, Milton Catelin, chief executive of the World Coal Association, explained why he's glad coal is set to remain a key part of the world's energy mix.
Coal – There's no time like the present to get involved in the coal sector.