Germany’s Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
Xinhua reports China's net coal imports this year are expected to reach around 150 million tonnes less than last year’s 164.83 million tonnes, state news agency Xinhua said on Friday, citing the country's coal association.
The annual output is estimated to exceed 3.5 billion tonnes this year, compared with about 3.3 billion tonnes last year.
Domestic demand will keep rising at a moderate pace amid steady economic growth, but uncertainty in the macro economy will decelerate demand growth, predicted Wang Zhanjun, an official with China National Coal Association.
The association said the price hike this year was modest. The current reserve volume stands at 225 million tonnes, which is adequate for 19 days of use for the country’s major power producers.
The Wall Street Journal reports the State Electricity Regulatory Commission said Thursday that falling hydroelectric power output and tight coal supplies could result in a shortfall of at least 26 million kilowatts in the months ahead and that power cuts were likely.
