China's National Energy Administration has initiated inspections targeting coal mines that exceed their production capacity, ordering suspensions for rectification. This regulatory crackdown aims to address overcapacity issues within the coal industry. Following the announcement, coking coal prices surged by 8%, reaching the daily trading limit. Commodity futures in China also saw notable gains, with polycrystalline silicon prices jumping over 10% to surpass 50,000 yuan per ton, driven by supply-side reform expectations, rising energy costs, and industry price hikes. Lithium carbonate increased by 2.6%, while silver, gold, zinc, tin, copper, and aluminum futures also experienced modest gains. Additionally, China is reducing imports of low-grade coal from Indonesia amid these market adjustments. The National Energy Administration confirmed that inspections will focus on key coal-producing provinces as part of this broader effort to rein in excessive production and competition within the sector.