Coal Still Has a Major Role to Play in Energy Generation
The latest data shows that worldwide coal-fired electricity generation hit a record high during 2023, as thermal coal exports simultaneously surpassed 1 billion metric tons for the first time. Coal-fired electricity generation was 8,295 terawatt hours (TWh) through to October 2023, up 1% from the same period in 2022 and the highest on record. Globally, around 82% of all coal-fired electricity generation occurred within Asia, up from 75% in 2019.
Gold – Positive Momentum into 2024
Gold was one of the best commodity performers of 2023, behind only uranium and iron ore. The precious metal rose by 13.1% to close the year above $2,000 per ounce for the very first time, and with an average 2023 price of $1,943, it managed to notch its eighth straight annual gain. Gold has now advanced in 20 of the past 24 years, or 83% of the time.