Coal Rises From Grave to Become One of Hottest Commodities
- Fuel prices in Europe, Australia beating most commodities
- Glencore highlights China imports as main driver for market
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For all the predictions about the death of coal, it’s now one of the hottest commodities in the world. The resurrection may have further to run.
A surge in Chinese imports to compensate for lower domestic production has seen European prices jump to near an 18-month high, while Australia’s benchmark is set for the first annual gain since 2010.