Coal producers also should step up efforts to ensure coal supplies, the meeting said.

Giant miners to see record profits slip as cost pressures bite

Cleveland-Cliffs’ Slowing Demand Adds to Steel Industry Woes

Indonesia is seeking 8.58 billion U.S. dollars in investment to shut down a number of coal-fired power plants as the country is currently expediting the transition into green energy.

Rising coal prices in China are likely to ease gradually after the winter heating season concludes.

BEIJING -- China aims to reduce the generation intensity of industrial solid waste in steel, nonferrous metals, and chemical sectors by 2025, and meanwhile significantly improve the utilization of bulk solid waste.

Currently, the allowances are distributed to participating emitters free of charge.

The announcement will help stabilize the industrial chain and maintain market stability.