View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
June 10, 2020

Covid-19 could cut global seaborne coal demand by 10%

By JP Casey

The Covid-19 pandemic could cut global seaborne coal demand by up to 10%, according to Pandu Sjahrir, the chair of the Indonesian Coal Mining Association, as a combination of lockdown measures and falling coal prices combine to cut demand across the sector.

Sjahrir noted that global demand could fall as low as 895 million tonnes (Mt), 85Mt lower than originally forecast, and 10% lower than the global demand recorded in 2019. This trend has hit some of the world’s largest coal consumers hardest, with Indian demand falling by 40Mt, and declines of 10Mt in China and South Korea.

Read more about the impacts of the Covid-19 pandemic on global coal demand here.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology