Coal is a fossil fuel commodity used primarily for electricity generation and steel production. It is traded globally as a raw material.
Description: Coal is a combustible black or brownish-black sedimentary rock formed from ancient plant matter. It is one of the world's most abundant fossil fuels, with major reserves in the US, China, India, Australia, and Russia. Coal is primarily used for power generation (steam coal) and steel production (coking coal). The coal market is influenced by energy demand, environmental regulations, and competition from natural gas and renewables. Coal prices are quoted on global indices such as API2 (Europe) and Newcastle (Asia).
