MYSTEEL: Three forces propel Mongolia to China's top coking coal supplier

Mongolia exported 40.58 million tonnes of coking coal to China in the first half of 2026, up 64% on year and accounting for 60.7% of China's total coking coal imports during the period, the latest Chinese Customs data showed. The surge has lifted Mongolia's ranking above Australia's as China's largest coking coal supplier, after Australia had held the position for years.

Three forces are driving the shift, Mysteel Global suggests: namely, a supply shortfall in China, Mongolia's expanding export capacity, and a widening price advantage over competing origins. China's supply gap opens the door The immediate catalyst for this year's surge was China's intensified mine-safety campaign initiated by local governments following the