Sentences with phrase «for coal demand»
The potential for coal demand growth in China is limited, but the country's supply - side reforms will be critical factors for coal prices in the coming years.
https://www.iea.org/ Not exact matches
Under this scenario, by 2040 global energy demand will be significantly larger than it is now; oil, coal, and natural gas each will account for about one - quarter of total demand, and solar and wind together will account for roughly 5 %.
James Stevenson, an analyst at IHS Markit, says the boost is largely due to 2017's unseasonably cold weather and rising demand for coal from other nations.
Peabody Energy, the nation's biggest coal producer, has been on a gradual slide down the Fortune 500 over the past few years, as falling demand for coal hit it hard.
Coal prices in general were driven even lower in 2016 due to low natural gas prices and warmer - than - usual winter temperatures that cut down demand for coal as an electricity generator, according to the U.S. Energy Information AdministratCoal prices in general were driven even lower in 2016 due to low natural gas prices and warmer - than - usual winter temperatures that cut down demand for coal as an electricity generator, according to the U.S. Energy Information Administratcoal as an electricity generator, according to the U.S. Energy Information Administration.
«Talking to coal exporters there, «Greed & fear» hears that demand from China for coal is strong while, interestingly, in stark contrast to past practice, China SOE steel producers now pay on time.»
Gregory Boyce, Chairman & CEO of Peabody Energy, discusses the demand for coal in China and India.
By the mid 2020s, the IEA expects the U.S. to become the world's biggest exporter of liquefied natural gas, demand for which is set to rise strongly as China, India, and Southeast Asia all turn away from coal to cleaner energy sources.
With the Chinese market a major driver of coal demand in Asia, any policy changes in the country will affect prices, contributing to the likelihood of continued price volatility in the seaborne coal market, wrote Wood Mackenzie's principal analyst for mining and metals fundamentals research, Rory Simington in a Nov. 16 report.
«We're optimistic that will create demand for our [metallurgical] coal,» Campbell said, but it's too soon to predict if it will translate into new jobs.
Plus, he noted, because coal from western states, including Wyoming — by far the nation's top coal producer — is considerably cheaper than Appalachia's, «even if there's a big resurgence in demand, it's not likely to be for Kentucky coal.»
Lower expected global demand for U.S. coal exports in 2018 and 2019 also contributes to the forecast of lower coal production.
A slowdown in the growth of China's coal demand, due to more tepid economic growth and fuel substitution, has sent the prices that Australia fetches for its thermal coal plunging from US$ 125 a tonne in early 2012 to around US$ 70 a tonne.
While India is building new coal - fired power plants, they are no guarantee that demand for U.S. coal will increase.
India's demand for coal has been mixed in recent years, with some years being better than others.
Plus, the structural changes underway, favoring a transition away from heavy industry, point to weak demand growth ahead for coal.
China's demand for resources to supply its industrial expansion has put upward pressure on prices for steel and its raw materials (iron ore, coking coal), and on the costs of shipping.
Chinese growth has meant enormous demand and rising prices for many of Canada's resources, particularly coal and oil, as well as base metals such as copper, nickel and aluminum.
A key element in this shift is China; the value of Chinese exports to Canada tripled over this period and Canadian exports to China, while still small relative to exports to the US, have grown steadily in value driven by commodity exports which have been buoyed by high prices and huge demand in China for key Canadian exports such as minerals (nickel, coking coal, potash, copper and iron ore), pulp and lumber.
Cele notes that, «the demand from China for iron - ore continues to grow, but at a declining pace, further exacerbating pricing pressure,» meaning that Vale's considerable investment in nickel, coal, fertilisers and copper will only partially mitigate the impact of the increase in iron - ore mining capacity globally on the company.
Rapid growth in global steel demand has also boosted contract prices for other bulk commodities; coking coal contract prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.
However, coal demand can continue to decline if natural gas prices stay low for a very long time allowing further replacement of coal - fired power plants with gas - fired ones.
The coal industry is booming driven by growth in export demand for coal world wide and the large number of coal - fired power plants currently scheduled to come online.
FCA's CEO Chris Ragot said «Demand for export coal has significantly increased as global supplies tighten.»
It's because the amount of coal activity doesn't overlap demand for railcars.
The increase in foreign demand is being driven by industrialization and attendant demand for coal fired electricity generation in the developing world including India and China.
Those winter shutdowns were expected to dampen demand and prices for Australian iron ore and coal in particular, but prices for both commodities have remained strong; iron ore prices have surged 26 per cent since October 31 to be fetching $ US77.74 per tonne on Tuesday, according to Metal Bulletin.
Among other things, this has seen the growth in global steel production stall, and hence lower growth in the demand for iron ore and coking coal.
As a result of the strong global demand for steel, coking coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).
I wrote a longer post on the subject here, but the TL; DR version is: In the first decade of the 21st century, Chinese demand for coal went through the roof.
General Electric Company has announced it will cut 12,000 jobs in its power division, blaming falling demand for coal and other fossil fuels.
Demand for rail freight in the UK is currently growing, Lord Berkeley claimed, despite coal traffic in the UK «having just about stopped completely».
In an energy outlook this week, analysts at the U.S. Energy Information Administration (EIA) predicted a dramatic decline in U.S. energy demand through 2035 and a reconfigured energy pie that sidelines a significant amount of coal for natural gas.
More than 33 gigawatts of coal - fired electricity generation will be retired over the next couple decades, EIA said, pushing up demand for natural gas.
Rolling back environmental regulations will not lead to a significant resurgence of the coal industry because those regulations played only a minor role relative to slowing demand for electricity and a surge in cheaper, cleaner sources of energy.
He noted that U.S. coal companies are already positioning themselves to boost exports, especially to energy - consumptive countries like China, as domestic demand for coal continues to drop off.
The spread of urban centers increases the demand for electricity, more than 75 percent of which in China is generated from coal - fired power plants.
«It's really a tale of two markets,» he said, noting that as U.S. thermal coal prices soften, demand for high - grade metallurgical coal and some thermal coal has helped prop up U.S. coal mining activity in traditional high - volume regions like Appalachia and the Powder River Basin.
But the trend is also thanks to a slowdown in economic growth, including lower demand for steel for the first time in decades, which in turn lessens the need for coal to fire up the furnaces.
Poland could halve its demand for coal by 2030 with a shift to renewable energies that would end its image as a laggard in European Union efforts to slow climate change, a study showed on Friday.
With China's coal demand the primary driver for a slew of mine investments over the past decade, this trend could derail a list of capital intensive coal projects from Australia to Indonesia and Mozambique.
As U.S. domestic demand for coal decreases, the pressure to expand U.S. coal exports increases.
«The CO2 emissions related to China's exports are large not just because they export a lot of stuff or because they specialize in energy - demanding industries, but because their manufacturing technologies are less advanced and they rely primarily on coal for energy,» said co-author Klaus Hubacek, a University of Maryland professor of geographical sciences.
The Asian forecast contrasts sharply to projections for the United States, which is expected to see sagging domestic demand as power plants undergo fuel switching away from coal.
As domestic demand increases for both thermal and metallurgical coal, China is expected to curtail exports, possibly expanding markets for other regional players like India, Australia and Indonesia.
«The majority of the capacity addition will be through thermal power plants, for which the demand of coal is going to increase in the future,» the report said.
Texas experienced blackouts in February 2011, as colder - than - average winter weather simultaneously increased demand for electricity and damaged coal - fired power plants and wind turbines.
However, increasing demand for electricity and direct coal consumption, and gradual depletion of its own supply, have led to it becoming the world's largest coal importer.
While the U.S. boom in shale gas helped push the fossil fuel's share of total global energy consumption from 23.8 to 23.9 percent, coal also increased its share, from 29.7 to 29.9 percent, as demand for coal - fired electricity remained strong across much of the developing world, including China and India, and parts of Europe.
The demand for coal to produce the hydrogen needed to run gas batteries has transformed places such as Grove's own south Wales, where coalfields are expanded to meet the insatiable need for more power.