China To Tap Coal Reserves As Prices Soar ...Middle East

OILPRICE - Economy
China To Tap Coal Reserves As Prices Soar
source : OILPRICE ( Middle East ) () 24
China is set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this year. The Chinese government will release further volumes of coal if the market demands it, the Chinese state planner, the National Development and Reform Commission, said, as carried by Reuters. Each of the four previous releases were of 5 million tons each. As per Reuters estimates, China holds around 40 million tons of coal in its reserve bases. Because of its geopolitical spat…

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