“Newcastle coal futures, the benchmark for top consuming region Asia, consolidated below the $400-per-tonne mark as surging inventories and prospects for weaker demand amid signs of slowing global growth continued to pressure the market. Global coal supply investment is forecasted to grow by 10% in 2022 as tight supply continues to attract investment in new projects, particularly in Europe, with top consumers stepping up efforts to diversify their energy sources.”

Originally published here at Trading Economics on 22 June 2022.