Chinese coal miners eye comeback as Iran war shakes energy market
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Shares rise as top players turn bullish after pressure from overcapacity, renewables
Dunes of coal are piled near a mine in Ruzhou, in China’s Henan province, in 2021. Coal, mostly produced domestically, shields China against oil supply risks. © Reuters
SHANGHAI — The global oil supply shock triggered by the Iran war is generating a tailwind for China’s coal industry, which has been under pressure from oversupply and the country’s rapid shift to renewable energy.
