NDRC Focuses on Boosting Coal Production and Supply Capacity in 2024 Plans

Published: Mar 14, 2025 11:05
[National Development and Reform Commission: Continuously Enhancing Coal Production and Supply Capability]
On March 13, the National Development and Reform Commission (NDRC) released a report on the implementation of the 2024 National Economic and Social Development Plan and the draft 2025 National Economic and Social Development Plan. The report highlighted active exploration of new pathways for the transformation and development of resource-based regions in 2024, along with comprehensive management of coal mining subsidence areas. Special actions for energy conservation and carbon reduction will be implemented in key industries such as steel, refining, synthetic ammonia, cement, aluminum, data centers, and coal power. The comprehensive energy consumption per unit product for crude steel, aluminum, cement clinker, and flat glass is expected to remain at a world-leading level.

The construction of the energy production, supply, storage, and marketing system will be steadily advanced. The total primary energy production is expected to reach 4.98 billion mt of standard coal, including crude oil production of 213 million mt and natural gas production of 246.45 billion m³. The annual power generation is projected to reach 10.1 trillion kWh. Advanced coal production capacity will be released in an orderly manner, and coal inventories at nationally regulated power plants will be maintained at over 200 million mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
11 hours ago
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
Read More
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
[SMM Steel] Tata Steel Limited announced on March 18, 2026, the merger of its wholly-owned subsidiary, Nilachal Ispat Nigam Limited (NINL), to consolidate its long products business. The merger aims to enhance management efficiency and accelerate capacity expansion at the Odisha mill from 0.98 million mt to 4.8 million mt. Additionally, the board approved a $2 billion investment in its Singapore-based subsidiary, T Steel Holdings Pte Ltd (TSHP), starting in FY 2026-27 to support overseas operations, fund capex, and restructure existing debts.
11 hours ago
MMi Daily Iron Ore Report (March 18)
12 hours ago
MMi Daily Iron Ore Report (March 18)
Read More
MMi Daily Iron Ore Report (March 18)
MMi Daily Iron Ore Report (March 18)
Today, DCE iron ore futures were in the doldrums today. The most-traded contract, I2605, finally closed at 811 yuan/mt, down 0.12% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day.
12 hours ago
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
13 hours ago
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
Read More
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
[China Iron Ore Brief Review: Tight Resources in West Liaoning, Local Ore Prices May Edge Up Slightly] The domestic ore market in west Liaoning was relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt. Supply and demand were clearly in a wait-and-see mode. Beneficiation plants, considering the relatively small inventory pressure, temporarily held back from selling. Against this backdrop, traders were not highly motivated to make inquiries, and only a few made price inquiries based on their own needs. Affected by safety and environmental protection inspections, mining was restricted, and a small number of operating beneficiation plants suspended production for maintenance due to constraints in ROM resources. Circulating spot resources remained tight, which still provided certain support for ore prices.
13 hours ago
[National Development and Reform Commission: Continuously Enhancing Co - Shanghai Metals Market (SMM)