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    June 4, 2021

    It’s not over for coal as global prices surge on hot demand

    Coal, Commodities, Power Markets Coal Price, Thermal Coal

    By Dan Murtaugh and Vanessa Dezem | Sydney Morning Herald

    Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe.

    Prices for the dirtiest fossil fuel are soaring as sweltering temperatures in North Asia increase air conditioning needs, adding to already strong demand due to the industrial recovery from the pandemic. Mine safety issues in China, heavy rainfall in Indonesia and disruptions in Colombia are constraining output.

    The price spike comes amid an existential crisis for coal, with climate policies making it increasingly difficult to invest in new projects. The squeeze might not change that, but it’s providing miners with a windfall while it lasts…Full Story

    Coal set to dominate Indonesia power mix in 2030 as renewables lag China Mulls Price Caps on Coal in Campaign to Tame Inflation

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