Fossil Fuels Fell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Wednesday, 5 May 2021, 5:45 am
Following a turbulent year that saw a significant drop in
production, the coal industry expected to initiate a
recovery in 2021.
According to the research data
analyzed and published by Stock Apps,
global coal production fell by 2% in 2020. In 2021, it is
projected to increase by 3.5% reaching 8 billion tons (bnt).
Output will grow at a compound annual growth rate (CAGR) of
2.5% in the period between 2021 and 2025 raising total
production to 8.8 bnt.
In 2020, production at the top
ten mining companies fell by 4.2% from 1.7 bnt in 2019 to
1.63 bnt. Based on a recent GlobalData report, it will rise
by up to 6.6% in 2021, reaching between 1.68 bnt and 1.74 ....

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