China Pushes Coal Miners to Lift Supply as Prices Climb

China’s government has called on local coal miners to maintain a stable production rate after a jump in spot prices for thermal coal earlier this month. Thermal coal prices on the spot market recently climbed to the highest in three years, Bloomberg said in a report today, putting pressure on the government in Beijing to act. China has been reducing the share of coal in its energy mix, but the fuel remains vital, with a share of 49.7% in power generation over the first half of the year. This is the first time coal has dipped below 50% of…