Global Coal Demand is Outstripping Supply, Bank of America Says
A recent report from Bank of America (BofA) has revealed that global demand for coal is outstripping supply, with Asian countries accounting for most of the rise in coal demand. Analysts from the bank project a rise in thermal coal prices during the winter as high natural gas prices push countries to seek alternative sources of energy. Benchmark prices for Australian Newcastle thermal coal have already jumped 40% in 2026 thanks to limited supply and stronger demand, reaching a two-year high at $150 per metric ton. With the ongoing Iran-U.S. war and the Hormuz strait closure choking off over 20%…

