Tag: China : Shenhua Energy reduces production target for CY’24 amid oversupply concerns
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China : Shenhua Energy reduces production target for CY’24 amid oversupply concerns
China Shenhua Energy Co. Ltd, the premier coal producer in the nation, has announced a downward revision to its output target for the year 2024, reflecting a broader trend among Chinese miners to scale back operations in response to an oversupply of coal in the market. The company intends to reduce its annual production by…