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NEW YORK , Dec. 6, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global metallurgical coal market size is estimated to grow by USD 95.27 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.77% during the forecast period. Increasing demand for steel is driving market growth, with a trend towards increase in number of smart city projects. However, volatility in prices of metallurgical coal poses a challenge. Key market players include Alpha Metallurgical Resources Inc., Anglo American plc, Arch Resources Inc., ARLP, Bharat Coking Coal Ltd., BHP Group plc, China Shenhua Energy Co. Ltd., Coal India Ltd., CONSOL Energy Inc., Coronado Resources Inc., EVRAZ Plc, Glencore Plc, Harman Fuels LLC, Peabody Energy Corp., Prairie State Energy Campus, Shanxi Coking Coal Xishan Coal and Electricity Co Ltd., Teck Resources Ltd., Warrior Met Coal Inc., and Whitehaven Coal Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global smart city market is experiencing significant growth, with an anticipated Compound Annual Growth Rate (CAGR) of over 22% according to Technavio analysis. Smart cities utilize digital technology to optimize resource usage and enhance productivity and well-being. Infrastructure development, including roads, residential areas, and community facilities, is a key focus. Steel is essential for constructing these structures, making it a vital component in the growth of smart cities. As metallurgical coal is a primary input in steel production, the expansion of smart cities is expected to boost metallurgical coal consumption for steelmaking. The European Innovation Partnership on Smart Cities and Communities, backed by the European Commission, is a significant market driver, aiming to create a European smart city market and improve livability. These developments underscore the importance of metallurgical coal in the global infrastructure sector, positioning it for continued growth in the forecast period. Metallurgical coal, a crucial component in steelmaking, is currently in focus due to its petrographic properties and carbonization process. Coal's thermal maturity, carbon content, and fossil carbon structure impact its utilization as an energy source or household fuel. Coal properties, such as coking properties, mesophase, pyrolysis, thermosolvolysis, and fluidity, influence coal macerals and chemical composition, determining coal rank. Coal extraction and blending techniques are essential for industrial processes, including coal-fired boilers and coke formation in blast furnaces. Metallurgical and thermal coal reserves are essential for power generation, but ESG risks, carbon footprint, greenhouse gas emissions, air pollution, and respiratory illnesses are growing concerns. Understanding coal deposits and their reserves is vital for the industry's sustainable growth. Carbon content, anthracite, and coal rank are significant factors in evaluating coal's suitability for various applications. The coal industry must address these challenges through innovative industrial processes and ESG initiatives to meet the evolving market demands. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Metallurgical coal is an essential resource in steel production, as it is used to create coke. The cost of metallurgical coal is influenced by global demand for iron and steel, making it more expensive than thermal coal. Prices for metallurgical coal are volatile due to macroeconomic factors, including global steel demand and trading policies of major consumers like China . For instance, India , the world's second-largest crude steel producer and a significant importer of coking coal, experienced a 49% increase in coking coal prices between May and November 2023 . These fluctuations make the market unreliable, with prices reaching as high as USD365 per ton in October 2023 . Despite predictions of falling prices, the value of Australia's metallurgical coal exports is expected to decrease due to these price fluctuations. The volatility of metallurgical coal prices acts as a barrier to market growth. Metallurgical coal, including bituminous, sub-bituminous, lignite, and coking coal, plays a crucial role in industries like steelmaking and electricity generation. Coking coal's primary use is in steel production, where it transforms into carbon-rich coke during the coking process, essential for iron ore to produce pig iron in the steelmaking process. However, challenges persist. Coal quality factors like caking ability, ash content, volatile matter, sulfur, and phosphorus impact coke production efficiency and steel quality. In electricity generation, non-coking coal is used, but its heating process requires careful consideration due to its lower heating value and higher ash content. Coal classification, based on vitrinite content, helps determine coal's suitability for various uses. Coking coals have high vitrinite content, while non-coking coals have low vitrinity. Metallurgical coke production relies on coal's caking property and plasticity. The steel industry and thermal power plants face a demand-supply gap due to depleting coal reserves and increasing environmental concerns. Coal blending and characterization, including coal washing and coking index determination, are essential to optimize coal usage and improve product quality. Additionally, metallurgical coal is used in producing ferro-chromium, ferro-manganese, carbon electrodes, pesticides, chemical products, carbon fibers, and medicines. The challenges in the metallurgical coal market include ensuring consistent coal quality, managing the supply chain, and addressing environmental concerns. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This metallurgical coal market report extensively covers market segmentation by 1.1 Steel making 1.2 Non-steel making 2.1 Hard coking coals 2.2 Semi-soft coking coals 2.3 Pulverized coal injection 3.1 APAC 3.2 North America 3.3 Europe 3.4 Middle East and Africa 3.5 South America 1.1 Steel making- Metallurgical coal plays a crucial role in the steelmaking industry, primarily used for coke production in the Blast Furnace-Basic Oxygen Furnace (BF-BOF) and Electric Arc Furnace (EAF) processes. While BF-BOF requires larger volumes of metallurgical coal, EAF uses lower amounts. In 2020, the BF-BOF process was the dominant steel production method, with world crude steel output reaching 145.5 million tons (Mt) in November 2023 , a 3.3% increase from the previous year. This growth is driven by the rising global demand for steel, particularly in emerging economies like China and India , which are among the largest steel producers. Urbanization, infrastructure development, and the construction of new smart city projects further fuel this demand. Additionally, the coking process produces byproducts such as coal tar and benzol, which have stable demand in various industries. New steel plants are being established globally to meet this rising demand, further increasing the need for metallurgical coal. According to the International Energy Agency, global coal demand reached a record 8.3 billion tons in 2022, driven by its availability and affordability compared to other energy sources. These factors collectively contribute to the growth of the metallurgical coal market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Metallurgical coal, also known as coking coal, is a type of coal with high carbon content and caking ability essential for steelmaking. The world's largest metallurgical coal reserves are found in countries like Australia , China , India , and the United States . Metallurgical coal is primarily used in the production of coke for blast furnaces in the steelmaking process. Coke is produced by heating metallurgical coal in the absence of air to drive off volatile impurities, leaving behind a solid carbon-rich material. Metallurgical coal's high carbon footprint and air pollution make it a significant contributor to greenhouse gas emissions and respiratory illnesses. ESG (Environmental, Social, and Governance) risks associated with metallurgical coal mining and usage are increasingly becoming a concern. Metallurgical coal is used extensively in power generation, but its use is being phased out in favor of cleaner alternatives like natural gas and renewable energy sources. Thermal coal, on the other hand, is used primarily for electricity generation and household heating. The carbon content of thermal coal is lower than that of metallurgical coal, making it less suitable for steelmaking. Coal types include anthracite, bituminous coal, sub-bituminous coal, and lignite. Iron ore, pig iron, and various alloys like ferro-chromium and ferro-manganese are produced using metallurgical coal in the steelmaking process. Metallurgical coal, also known as met coal, is a type of coal with high coking properties used primarily in steelmaking. It contains a higher carbon content than thermal coal, which is used for power generation and household heating. The world's largest coal reserves include metallurgical coal deposits in countries like China , Australia , India , and the United States . Metallurgical coal's primary use is in the steel industry, where it is transformed into coke in blast furnaces. Coke is essential for iron ore reduction in the steelmaking process, producing pig iron, which is then converted into steel. Metallurgical coal's carbon content, caking ability, and other properties are crucial for the successful production of coke. ESG risks, including carbon footprint and air pollution, are significant concerns for the metallurgical coal market. Greenhouse gas emissions from coal combustion contribute to climate change, while air pollution from coal mining and processing can lead to respiratory illnesses. The metallurgical coal market is also influenced by factors like coal quality, coal classification, and coal utilization. Coal quality is determined by properties like carbon content, ash content, volatile matter, sulfur, and phosphorus. Coal classification systems like the ASTM and the International Coal and Coke Classification System help standardize the assessment of coal quality. Coal utilization includes various applications, such as electricity generation, household heating, anaerobic heating, and the production of carbon fibers, medicines, and chemical products. The steel industry and thermal power plants are significant consumers of metallurgical coal. The metallurgical coal market is influenced by various processes like carbonization, thermal maturity, and coal characterization. Carbonization is the process of heating coal in the absence of air to produce coke and coal tar. Thermal maturity refers to the degree of coal's transformation from a plant to a solid fuel due to heat and pressure. Coal characterization involves analyzing the coal's chemical composition, coal macerals, and coal rank to determine its suitability for specific applications. Coal extraction techniques include coal washing, which separates coal from impurities like rock, clay, and other minerals. Coal blending techniques involve mixing different types of coal to improve the overall quality and reduce impurities. The metallurgical coal market's demand-supply gap can impact prices and availability. Factors like coal reserves, coal production, and coal washing capacity can influence the supply side, while demand from the steel industry and thermal power plants can impact the demand side. The metallurgical coal market's future outlook is influenced by various factors, including technological advancements, environmental regulations, and geopolitical risks. Technological advancements like the Corex process, which uses natural gas instead of coal to produce direct-reduced iron (DRI), could reduce the demand for metallurgical coal in the steel industry. Environmental regulations aimed at reducing greenhouse gas emissions and air pollution could increase the cost of producing and using metallurgical coal. Geopolitical risks, such as supply disruptions from major coal-producing countries, could impact the availability and price of metallurgical coal. The metallurgical coal market's future also depends on the development and adoption of alternative energy sources and technologies. Renewable energy sources like wind, solar, and hydroelectric power are becoming increasingly cost-competitive with coal-fired power generation. Carbon capture, utilization, and storage (CCUS) technologies could help reduce the carbon footprint of the steel industry and thermal power plants. In conclusion, the metallurgical coal market is a complex and dynamic system influenced by various factors, including coal reserves, coal quality, steel industry demand, environmental regulations, and technological advancements. Understanding these factors is essential for stakeholders in the metallurgical coal market to make informed decisions and navigate the challenges and opportunities of this industry. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Steel Making Non-steel Making Type Hard Coking Coals Semi-soft Coking Coals Pulverized Coal Injection Geography APAC North America Europe Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioOpinion: Gambling with bird flu is asking for trouble — and another pandemicI’m A Celeb fans convinced they’ve worked out star who will snap and quit first – but it’s not Dean
As a responsible and customer-centric establishment, the bathhouse management has taken swift and decisive action to address the situation. In addition to closing the female bath area and halting all operations, the management has initiated a comprehensive renovation and improvement plan to ensure the safety and well-being of all visitors.As part of the investigative process, the EU competition regulators have launched a comprehensive questionnaire survey to gather information on Nvidia's business practices, market positioning, and potential anti-competitive behavior. The questionnaire is designed to elicit detailed responses from various stakeholders, including customers, competitors, and industry experts, to understand the full scope of Nvidia's operations and its impact on the market.Share pledging, where corporate insiders uses shares as collateral for personal loans, has been at the heart of several high-profile corporate scandals in recent years. One of the most notorious cases was the . From 1999 to 2002, the U.S.-based telecom company inflated profits to maintain its stock price. The scandal was largely driven by the on his pledged shares. A similar scenario unfolded in China when Leshi Internet Information and Technology and its founder, Jia Yueting, committed from 2007 to 2016. Yueting had pledged 97 per cent of his shares to secure funding for his U.S.-backed company, Faraday Future. To look deeper at this issue, , since Chinese controlling shareholders predominately pledge their shares. Our research found a trouble connection between share pledging by controlling shareholders and the likelihood of corporate misconduct. Our research found that when controlling shareholders engage in pledging, it increases the probability of corporate misconduct. This relationship held true across various types of misconduct and persisted regardless of the severity of penalties imposed. Share pledging Corporate insiders frequently pledge their shares as collateral to secure loans for personal investments and other private benefits. In the U.S., , and the average pledging ratio reached 37 per cent in 2012. A notable example is Elon Musk, CEO of Tesla, who . The trend like Australia, Hong Kong, Singapore and the United Kingdom. In western Europe, pledging is common in a number of countries, including Austria, France, Germany, Ireland, Italy, Norway, Portugal and Spain, and among others. In developing markets like India and Taiwan, between 35 and 50 per cent of publicly listed firms have controlling shareholders who pledge shares. In China, 66 per cent of controlling shareholders pledged their shares between 2003 and 2017, with from RMB$26.22 billion (Chinese Yuan) in 2003 to RMB$2.9 trillion in 2017. , which typically hold at least 50 per cent of voting shares, have significant power over firms. Minority shareholders, on the other hand, receive poor legal protection under concentrated corporate ownership. Concentrated ownership is , particularly in East Asia where . Impacts of deregulation A pivotal shift occurred on May 24, 2013, when the Shanghai and Shenzhen Stock Exchanges, along with the China Securities Depository and Clearing Corporation, through the stock exchange trading system. Before this, share pledging was limited to banks and trusts operating in the over-the-counter market. by offering lower interest rates, fewer restrictions on loan usage and faster approvals. While the deregulation did not target misconduct by securities firms, it created a unique environment for analyzing the causal link between share pledging by controlling shareholders and corporate misconduct. This is what our research looked at. We found that firms located in Chinese provinces with more securities firms (treatment firms) were expected to have greater access to share pledging compared to firms in provinces with fewer securities firms (control firms). Our results confirmed that firms with pledging controlling shareholders were more likely to engage in misconduct following the 2013 deregulation. Prior to 2013, treated and control firms showed no significant differences. However, from 2015 onward, firms in provinces with more securities firms demonstrate an increased likelihood of misconduct compared to firms in provinces with fewer securities firms. This relationship was primarily driven by factors such as financial constraints, stock price inflation, avoidance of margin calls (demands from a broker to fund one’s margin account), and expropriation under weak corporate governance. Factors like political connections, share repurchases and increased bank monitoring didn’t contribute to the link between share pledging and corporate misconduct. Building better financial systems Although our study is based on data from China, its findings offer critical insights for countries beyond its borders. The findings are particularly relevant for countries in Asia, western Europe, and Latin America . The study’s conclusions also hold significance for North America, where financial institutions like pension funds and mutual funds invest portions of their portfolios in emerging markets. For instance, the and . The Canada Pension Plan Investment Board reported that was invested in China in March 2024. These institutions should consider governance risks associated with share pledging when developing their investment strategies. For regulators, our study underscores the importance of monitoring the growing influence of share pledging and its potential to exacerbate corporate misconduct. Weak governance structures can allow controlling shareholders to exploit the system, and strengthened oversight and tailored regulations are needed to alleviate these risks. Institutional and retail investors can likewise benefit from the study’s findings, using them to make investment decisions from the perspective of corporate governance. As markets become increasingly integrated, the importance of assessing governance risks associated with share pledging grows. Our research serves as a vital resource for policymakers and regulators who want to maintain ethical, robust financial systems. To remove this article -
Recent developments in the region, including the situation on the Korean Peninsula and the deployment of the THAAD missile defense system, have tested the resilience of China-South Korea relations. Throughout these challenges, China has maintained a firm and principled stance, upholding the importance of mutual respect, equality, and non-interference in each other's internal affairs.Flyers’ Matvei Michkov scores game-winning goal in overtime against Blackhawks
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