JAKARTA – On its debut on the Indonesia Stock Exchange (IDX) today (5/12), PT Adaro Andalan Indonesia Tbk (AADI), a spin-off of thermal coal business from PT Alamtri Resources Indonesia Tbk (ADRO), expressed optimism about the sustained attractiveness of the coal market.

This notion was conveyed by Julius Aslan, CEO of Adaro Andalan Indonesia, regarding the coal market outlook for 2025.

“Coal prices are still relatively high at the moment, but I believe the market remains attractive in the future, especially given the solid demand from Asia,” Aslan said post-IPO ceremony on IDX today (5/12).

However, Aslan acknowledged that market fluctuations and prices are heavily influenced by global conditions, particularly the political and economic tensions between the United States and China following the election of Donald Trump as the 47th U.S. president.

“The coal business is cyclical, as I’ve mentioned before. Prices are contingent on economic conditions. Our hope is that with the new US president, relations between the US and China remain stable. But if tensions worsen, it could disrupt the Chinese market,” Aslan explained further.

In the meantime, Adaro is focused on enhancing productivity and reducing costs to improve profit margins. “We aim to be the most efficient mining company,” he added. (ZH)