Have We Hit Peak Coal In China?

Chinese demand for coal has risen to more than half of global consumption, and its continued rise has been nearly unquestioned by analysts. The International Energy Agency (IEA) has even predicted that coal will supplant oil to become the leading global fuel almost entirely on the strength of Chinese power generation. But Citi analyst Anthony Yuen thinks this scenario is overblown, and that actual Chinese coal consumption should stabilize or even decrease. China is in the process of trying to cool GDP growth “The rate of power demand growth in China is slowing, and structural factors indicate this trend may…