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IPC Index — Mexico MarketCoal prices strengthened toward $110 per ton, approaching a six-week high after official data showed China’s coal production reached a record in 2025 as Beijing continued to prioritize energy security amid a gradual shift toward clean energy. Output rose 1.2% to 4.83 billion tons, with coal still providing over 50% of the country’s energy needs. China is also preparing to launch more than 100 coal-fired power generators this year, expected to supply electricity domestically and abroad. China, by far the world’s largest coal consumer, producer, and importer, continues to rely on the fuel to power its economy alongside the ongoing expansion of renewable energy. However, Beijing has pledged to begin phasing down coal use before 2030.
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