Canada Anthracite Market Outlook

canada is one of the leading producers of anthracite, a type of coal that is becoming increasingly popular for both residential and industrial uses. with this in mind, demand for anthracite in canada is expected to remain strong over the coming years and could even increase slightly from 2018 to 2032. the primary factor that will drive demand for anthracite in canada is the need for cleaner and more efficient energy sources. as the world moves away from fossil fuels, the need for anthracite as an alternative energy source is becoming more and more important. anthracite produces fewer emissions than traditional coal and provides an efficient way of heating both residential and industrial buildings. it also has the added benefit of being locally produced. this makes anthracite an attractive option for canadians looking for an energy source that is both clean and efficient. the canadian government is also encouraging increased use of anthracite by offering incentives to industrial and commercial entities. in addition, anthracite becomes more cost effective when used in larger quantities due to increased efficiency. this is a factor that could further increase the demand for anthracite over the coming years. likewise, the emera newfoundland and labrador utility is investing in the development of anthracite as a cheap and reliable energy source for the province. this project is expected to enhance the security of the power grid, reduce emissions and provide an additional source of lower-cost energy to the province’s energy users. finally, exports of anthracite to other countries such as the us and china could further increase demand over the coming years. as the global demand for clean energy sources increases, more and more countries may begin to import anthracite from canada. all in all, demand for anthracite in canada is expected to remain strong over the next 15 years and even increase slightly. the need for cleaner and more efficient energy sources, government incentives, increased investment and potential for exports all point toward a positive demand outlook for canada’s anthracite market between now and 2032.