Coal Prices Slide as Energy Demand Softens

2025-10-07 06:49 By Jam Kaimo Samonte 1 min. read

Newcastle coal futures fell below $104 per ton, extending this month’s losses and hitting a three-week low, as new data showed renewable energy overtook coal in global electricity generation for the first time in history.

In the first half of 2025, solar and wind power not only met but exceeded global electricity demand growth, leading to a modest decline in fossil fuel use from a year earlier.

The trend aligns with the International Energy Agency’s projection that global clean energy capacity will double by 2030 to 4,600 gigawatts, roughly equivalent to the combined output of China, the EU, and Japan.

Still, experts cautioned that such growth may fall short of meeting the world’s rapidly rising electricity needs.

On the supply front, China’s thermal coal production remained 3% higher year-to-date through the first eight months of 2025.



News Stream
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