Home Markets Daily Update: June 3, 2021

Daily Update: June 3, 2021

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Demand pressures prompted by the pandemic on energy and commodities are easing. The energy transition away from fossil fuel generation is accelerating. And coal production is ramping up even as the outlook for the industry darkens. These competing factors are creating multiple possibilities for coal’s near- and long-term role in the global energy mix.

Market participants foresee the global mining industry and commodities like metallurgical coal playing a fundamental role in the energy mix over at least the next decade. But after last year’s historic decline in global energy-related carbon dioxide emissions, this year is likely to see an approximate 5% surge in global emissions—driven primarily by coal. Coal production and consumption is expected to rise by 4.5% in 2021 to near…

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