Coal Hits 11-Week High
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 ...
Coal prices surged to approximately $145 per ton in early September, marking their highest point in eleven weeks. This increase was driven by strong global energy demand and ongoing supply risks. Despite China confirming that solar power had become its largest source of electricity capacity, surpassing coal-fired power for the first time, coal continues to be the world's leading source of power generation.
In fact, it produced nearly 11,000 TWh in 2026. Even though there is growing electricity demand, efforts to replace coal with renewable energy are being hindered. The International Energy Agency (IEA) predicts that coal will maintain its position as the largest single source of power generation until 2030, with no single alternative expected to replace it.
Furthermore, the protracted conflict in the Middle East has exacerbated the situation by tightening global liquefied natural gas (LNG) supplies and raising energy prices, thereby bolstering the demand for coal.
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