Guotai Haitong released a research report stating that if energy supply shortages caused by geopolitical issues persist, and with the approaching peak electricity demand season in major developed countries globally, this summer's power shortages may spread on a large scale worldwide and have far-reaching impacts.

Guotai Haitong released a research report stating that if energy supply shortages caused by geopolitical issues persist, and with the approaching peak electricity demand season in major developed countries globally, this summer's power shortages may spread on a large scale worldwide and have far-reaching impacts.

老虎证券2026/05/18 23:25

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Even without considering geopolitical impacts, the global medium- and long-term coal supply and demand balance is entering marginal market contraction. We remain bullish on global coal resources, and the global coal price benchmark is expected to continue rising. We reiterate our strategic bullish outlook on the energy super cycle for the next 5-10 years.

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