Group 1 - The coal ETF (515220) rose over 1.1% on July 4, reflecting the performance of the coal industry through the China Securities Coal Index, which includes companies involved in coal mining, equipment, and services [1] - The national energy supply guarantee work for the summer peak will start on June 30, 2025, prompting coal companies to strengthen their "production, supply, storage, and sales" system [1] - As of the end of June, the capacity utilization rate of 462 coal mines nationwide decreased by 1.6 percentage points to 92.9%, indicating a slight tightening of supply [1] Group 2 - The implementation of the new Mineral Resources Law marks a historic shift in the coal industry from "scale speed" to "quality efficiency," which will accelerate the elimination of outdated production capacity in the short term [2] - The coal industry faces a "triple squeeze effect," including increased resource acquisition thresholds, rising operational costs due to ecological restoration and smart transformation requirements, and a rapidly restructuring market landscape [2] - Long-term trends indicate that marketization, greening, and intensification will drive industry upgrades, with new business models emerging from competitive resource allocation and mandatory ecological restoration requirements [2]