Mongolia exported 89.5 million tons of coal last year, generating $5.7 billion in revenue.
Montenews: The Development of China's Coal Policy in 2026 and Its Impact on Mongolia
Mongolian News Agency, Ulaanbaatar, November 12th: If water and air nourish human beings, then mineral resources such as coal and copper undoubtedly support Mongolia's economic development. Taking coal as an example, Mongolia exported 89.5 million tons of coal last year, generating $5.7 billion in revenue.
As the world's largest coal producer and consumer, China has long dominated the regional coal market, especially having a decisive impact on Mongolia's coal industry, which is export-oriented. In recent years, China's coal policy has mainly revolved around two goals: first, to ensure energy security, and second, to gradually advance long-term climate goals. Therefore, China has not suddenly abandoned coal in the short term, but instead adopted a more stable and orderly coal utilization policy under a stricter regulatory framework.
For instance, China requires power generation companies to meet most of their coal demand through medium- and long-term contracts, and also requires coal production companies to include a considerable proportion of their output in the long-term contract supply system. These measures aim to curb sharp price fluctuations, prevent supply disruptions, and ensure the stable operation of industrial and energy sectors against the backdrop of increasing economic uncertainty.
Original article: toutiao.com/article/1854114973158472/
Statement: This article represents the personal views of the author.