… a +16% YoY surge in installed capacity, the output rose just +2.5% YoY – slower than the +41% YoY in Sep/Oct. This allowed thermal power to bridge the gap with demand, by adding +10TWh YoY to a new seasonal high of 518TWh/mth. With constrained hydro & wind power output in sight, Chinese authorities let both coal imports (+26% YoY to 55Mt) and domestic mining (+3.4% YoY to 428Mt) rise to new records in November.
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