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China’s coal imports hit record high in 2024
China’s coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports for the year totalled 542.7 million metric tons, according to China’s General Administration of Customs, up from 474.42 million tons in 2023. “The increase in China’s coal imports in 2024 was supported by declines in seaborne coal prices which encouraged import arbitrage in relation to China’s domestic supply for a wider range of coal types,” said Toby Hassall, lead coal analyst for LSEG, adding that growth in ... (full story)