China to establish coal capacity reserve system by 2027

China will establish coal capacity reserve system by 2027, aiming to guarantee coal supply to domestic end-users, Mysteel Global learned from a draft plan issued by the National Development and Reform Commission (NDRC) published on December 6, which will be open for public comment until January 6 2024.

The new system is expected to enhance coal supply resiliency in peak seasons for coal consumption by setting aside part of coal production capacity of some new coal mines deployable by the government, Mysteel Global learned. By 2027, China will establish a certain scale of government-deployable coal capacity reserves by