China's Coal Consumption At New Highs, As Real Estate Crisis Fails To Slow Energy Demands
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Global Coal Consumption Trends: In 2024, global coal consumption reached a record high of 8.77 billion metric tons, driven primarily by demand from countries like India and Indonesia, while China accounted for over a third of this consumption despite efforts to diversify energy sources.
Future Projections: The International Energy Agency predicts that global coal demand will plateau by 2027 at these elevated levels, although ongoing trends suggest that China's coal use may continue to rise in the coming years.
Analyst Views on GXC
Wall Street analysts forecast GXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
