Coal hits one-year high

Thermal coal price back above $100 but the long-term outlook is less positive
Thursday 11 Jan 2018 Author: Tom Sieber

Power-generating thermal coal has reached its highest levels since late 2016 above $100 per tonne as strong manufacturing activity in Asia and China supports prices.

A lack of new projects amid environmental concerns means supply is tight. Most observers expect any strength in coal to be short-lived as emerging markets eventually follow Europe in phasing out the fossil fuel. (TS)

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