Coal shortfall from Queensland floods fuels Asian inflation

The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.

With no predictable mold for how this will work, the only certainties will likely be volatility and numerous factors working in opposing directions.

China’s booming coal production is running well ahead of demand at the onset of winter.

The latest forecast from the IEA sees demand for coal rising to nearly 8.9 billion tons by 2027, about 1% higher than 2024 levels.