Coal news and updates

Russia topples US to increase coal imports to India, China dumps hefty amount of met coke

No matter some sanctions by the West on Russia following its invasion of Ukraine and India's strained relationship with China, Asia's third largest economy is growing increasingly dependent on these foreign countries for supply of coal and met coke.

India's coal import rose 10% on-month to 2.03 million tonnes (mnt) in July from Russia, which toppled United States and others to become the third-largest coal supplier to India, as per vessel line-up data compiled by CoalMint.

Russia has typically been the sixth-largest coal supplier to India, behind Indonesia, South Africa, Australia, the U.S., and Mozambique and Colombia alternately featuring in the top five list."Following the sanctions imposed by European countries, Russia has been struggling to sell its coal and is offering hefty discounts. This comes as a boon for the Indian buyers as they increase procurement of Russian coal at a time when there is shortage of domestic coal in the country," CoalMint said.