Coal prices have finally begun to climb after more than a week of stagnant movement with no signs of increase.
According to data from Refinitiv, on Monday (May 19, 2025), the price of coal was recorded at US$103 per ton, marking a 1.38% rise compared to the closing price on May 16, 2025, which stood at US$101.9 per ton.

This price appreciation is the first to occur again since May 12, 2025, when coal prices had only seen a marginal increase of 0.29%.

As reported by Hellenic Shipping News, Russia has formulated a long-term strategy to expand its coal exports to India. This plan is underpinned by Russia’s vast coal reserves, which are estimated to be sufficient for more than 500 years of usage.

Russia perceives great potential in strengthening cooperation with India in the coal sector. The country also plans to develop coal mining hubs that prioritize safety and environmental sustainability, with the aim of increasing production capacity by an additional 250 million tons by 2025.

To provide some context, Russia’s coal production in 2024 reached 443.5 million tons, with 196.2 million tons of that total exported. Based on Russia’s energy strategy, the coal production target for 2030 has been set at 530.1 million tons, with projections increasing to 662 million tons by 2050. Russia also intends to implement clean coal technologies and adopt innovative approaches in mining to enable the development of various coal-derived products and more effective use of coal waste.

India, on its part, signed a memorandum of understanding in 2021 aiming to boost its imports of coking coal from Russia to 40 million tons by 2035. Given India’s growing steel industry demand for coking coal, Russia sees a strong opportunity to deepen bilateral cooperation in this specific area.