New Demand for Coal
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New Demand for Coal

Coal prices soared to their highest on record as China accelerated a global struggle for resources that’s brought the dirtiest fossil fuel roaring back.

High-quality thermal coal loaded on ships at Newcastle port in Australia surged to $203.20 a ton, breaking the previous record set in July 2008. That’s the benchmark price for Asia, the world’s largest market for the fuel by far.

Bloomberg

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