The world’s least-loved major commodity is burning brightly again.
The price of thermal coal, used to generate electricity in power stations, has surged in the past two months as key consumers in China, India, South Korea and Japan rushed for supplies.
Since the start of November, high energy Australia coal — the benchmark for the vast Asian market — has climbed 45 per cent to $80 a tonne, according to a price assessment from Argus, while its South African equivalent is up 65 per cent to about $100 a tonne.
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