Global thermal coal exports are set for their first annual decline since 2020, mostly thanks to lower demand in Asian markets. Global thermal coal exports for the year are seen at some 945 million tons, according to data from Kpler cited by Reuters’ Gavin Maguire. That would be 50 million tons down on 2024, or a 5% decline. The 2025 trend compares with an increase of 4.5 million tons in thermal coal exports last year, and a much more substantial annual increase of 65.2 million tons in 2023. The 2025 decline was attributable to a 7% decline…