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Coal production in China increased by 25% in the first two months of 2021

Mining industry / Asia

But even with such rapid production growth rates, the Chinese industry is in dire need of foreign coking coal for metallurgy and a little less for thermal coal.

Coal production in China increased by 25% in the first two months of 2021

In the first two months of 2021, coal production in China increased by 25% year-on-year to 620 million tons. This is evidenced by the data of the State Statistical Office of the PRC.

According to customs data, this figure also rose 17.1% over the same period in 2019, with an average annual growth rate of 8.2% over the past two years.

China imported 41.13 million tons of coal in January-February this year, down 39.5% from the same period in 2020, according to data from the customs office.

Recall that in 2020, the volume of coal production in the PRC amounted to 51% of the global one. China's dependence on foreign coal was 7.1% last year.

In China, for a long time, coal accounted for about 70% of total energy production. It is estimated that by 2030, China's coal consumption will still account for about 55% of total primary energy consumption.

Earlier this week, Wood Mackenzie analysts predicted the rapid growth of green energy production in China and declared the country the future leader in decarbonizing the economy.

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