China’s Top Coal Province to Raise Output to Boost Local Economy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
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Should l Buy ?
Source: Bloomberg
- Coal Production Boost in China's Shanxi Province:
- Major miners in Shanxi province plan to increase coal output to revive the local economy and counter a national production decline.
- Production slowdown due to fatal accidents will be addressed by normalizing output, including night shifts resumption.
- Shanxi's coal production dropped significantly in the first quarter, impacting the province's economy and contributing to a nationwide output decline.
- The move aims to support the local economy heavily reliant on coal revenues.
- Increased coal demand expected due to government efforts to boost the property sector and rising temperatures necessitating more thermal coal.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
