Mining
Heat boosts demand for Indian utilities, which has seen August coal imports reach a 15-month high.
Indian power producers imported coal at a record high in August, as a heat wave and a decrease in hydropower production boosted electricity consumption, forcing utilities to turn to more expensive overseas supplies. According to local coal traders iEnergy Natural Resources, India's power industry imported more coal in August than ever before, up 85.6% on the previous year to 5.52 millions metric tons. This was their highest level of imports since May 2025. iEnergy reported that 80% or 4.2 millions tons of the imports came from Indonesia. The International Energy Agency stated in a report released last week that India's...