China’s Coal Output Hits a Record and Fuels Oversupply Concerns
- Annual domestic production is poised for 8th year of growth
- Government had reopened mines to boost energy security
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China’s coal production hit an all-time high last month, adding to concerns of an oversupply of the nation’s mainstay fuel.
China mined 428 million tons of raw coal above ground in November, up 1.8% from a year earlier, according to data released by the National Bureau of Statistics on Monday. Its domestic output output is poised to rise for the eighth straight year in 2024.