Mongolia's Coal Exports to China Surge, Surpassing Indonesia
China's coal imports from Mongolia increased by 61% in April, surpassing Indonesia, which has traditionally been China's largest coal supplier. Mongolia exported 11.33 million metric tons of coal to China, slightly more than Indonesia's 11.12 million tons, which marked a 22% decrease from the previous year. Despite this shift, Indonesia maintained its lead over Mongolia in the first four months of the year, with 61.43 million tons compared to Mongolia's 39.37 million tons. The increase in Mongolian coal exports is attributed to higher domestic output and lower local coal prices in China, which have reduced the competitiveness of Indonesian coal. Meanwhile, Indonesia plans to centralize its coal and other key commodity exports under a state-owned firm, a move that has caused concern among investors.