Industrial Metals

People’s Daily Online reported that as many as half of the coal companies in Ordos, which is “one of the major domestic coal producing regions in the Inner Mongolia autonomous region,” have reduced or halted coal production due to falling electricity consumption and increased use of hydropower.

People’s Daily Online reported that as many as half of the coal companies in Ordos, which is “one of the major domestic coal producing regions in the Inner Mongolia autonomous region,” have reduced or halted coal production due to falling electricity consumption and increased use of hydropower.

As quoted in the market news:

He added that coal-fired power generation is also not expected to rise this summer because of the abundant hydropower being generated.

“Because of the country’s economic slowdown, power generation demand for thermal coal is unlikely to rebound,” he said.

Last year Ordos produced 596.7 million metric tons of coal, accounting for around 16.35 percent of China’s total output.

Click here to read the full People’s Daily Online report.

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