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Russia’s Coal Industry Faces Existential Crisis
Russia’s coal industry is in a bind as Western sanctions, falling Chinese demand for imported coal, and fierce competition with Indonesia on other Asian markets challenge the profitability of Russian coal exports, Kpler said in a new analysis on Wednesday. With limited room for growth on export markets, Russian producers face a difficult decision—either accept low prices and negative margins or reduce production, Firat Ergene, Senior Insight Analyst — Dry Bulk at Kpler, says. China’s overall coal import demand this…