FEATURE: Why are Mongolian met coal e-auctions frequently failing?

Source: Mysteel Jun 12, 2025 18:57

Mongolia's e-auctions for metallurgical coal have failed frequently, a phenomenon that is prompting concern among industry participants on both sides of the Sino-Mongolian border. China buys almost all the coal that Mongolia exports, as reported.

In the week of June 2-6, met coal auctions held on the Mongolian Stock Exchange (MSE) were mostly unsuccessful. Mysteel data show that four Mongolian mining companies – Erdenes Tavan Tolgoi (ETT), Energy Resources LLC (ER), Khangad Exploration LLC, and Tavan Tolgoi JSC – listed a combined 428,800 tonnes

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