Coal prices rally to 11-week high near $145/ton
Coal prices rose to around $145 per ton in early September, the highest in eleven weeks. The move reflects robust global energy demand and ongoing supply risks.
Coal prices rallied to around $145 per ton in early September, reaching their highest levels in eleven weeks amid robust global energy demand and persistent supply risks.
The fossil fuel also advanced despite China reporting that solar power had become the country’s single largest source of electricity capacity, surpassing coal-fired power for the first time amid its push toward renewable energy.
Still, coal remains the world’s largest source of power generation, producing nearly 11,000 TWh in 2026, while surging electricity demand is slowing efforts to replace the fuel with renewable energy.
The IEA also expects coal to remain the largest single source of power generation through 2030, with no individual alternative expected to come close to replacing it.
The prolonged conflict in the Middle East, which has tightened global LNG supplies and driven energy prices higher, further strengthened the outlook for coal demand.