Asia's coal crunch easing as supply rises, China wields big stick: Russell
01 Nov 2021
As the U.N. COP26 climate summit gets under way in Glasgow amid dire warnings https://www.reuters.com/business/cop over the planet’s future, the immediate focus in Asia is getting more coal to burn at cheaper prices.
China fired the big guns at its coal markets last week. It unleashed a raft of measures designed to lower prices and boost supply, making a more determined effort to deflate coal than it did in earlier moves aimed at cutting the prices of some metals and crude oil.