Volatility in the energy markets is poised to intensify on the order from the central government, analyst says.

The bulk of South Africa’s electricity is generated by burning coal.

The taxes will affect Russian producers of steel, coking coal and fertilisers, as well as mixed ore.

Since last week, more than 100 companies from electronic component manufacturers to gold miners have notified stock markets of production suspensions.

China’s current energy crisis can be traced back in part to a legal amendment targeting miners that garnered little notice when it went into effect in March.

The conservative New South Wales government projects it will achieve emissions reductions between 47% and 52% by 2030.

Latin America’s top supplier expects output to jump 40% to 50% this year, after an extended strike disrupted production in 2020.

As seaborne coal in Asia trades at near record highs there are early signs of demand destruction, especially among buyers such as India.