There's been a peak in terms of the investment cycle over the last 30 or 40 years as the coal business internationally has gone through an expansion in various places.

Online marketplace SteelBuy has had 67 live listings totalling over 1,000t since launching on 2 December.

The steelmaker cited market feedback and improved dynamics in the raw materials and distribution markets.

Brazil's total installed generating capacity rose to 188.2GW as of 9 December.

"It is a step forwards but it has by no means answered all questions or addressed all outstanding issues," Hydrogen UK chief executive Clare Jackson said.

Compared with the prior month, the CPI rose by 0.1pc in November on a seasonally adjusted basis, slowing from 0.4pc in the two prior months and well off a peak of 1.3pc in June.

Coal inventories at Indonesian coal-fired power plants are currently ample, according to state-owned utility PLN.

Australian longwall and safety protocols will constrain UK-South African mining firm Anglo American's metallurgical coal production, leading it to cut its guidance for 2022, 2023 and 2024.