After riding China's demand train for nearly two decades, Asia's coal industry is looking to a future of smaller markets and slimmer pickings, as buying declines in the world's second-biggest economy and climate change concerns blunt demand.
By far the biggest user of coal-fired power, China is buying less thermal coal from global markets, said delegates to Asia's premier coal conference last month in Bali, both as renewables gain market share and as it digs up more of its own supply.
A backlash against coal is also growing in the West. Last week, investors managing nearly half the world's invested capital demanded ahead of a Group of 20 summit in Tokyo that governments take urgent action on climate change.
Delegates to Coaltrans in Bali, Indonesia, however, said that while coal's glory days are done, reports of its imminent demise have been greatly exaggerated.
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