Soaring demand for electricity in China and India has put a rocket under the coal market with prices for the fossil fuel hitting a record high despite efforts to de-carbonise the global economy. Australian miners have been fetching up to $US180 a tonne for their benchmark thermal coal deliveries this week, setting a new high …

The post Resurgent coal market hits new high as Chinese, Indian economies gather steam first appeared on Hellenic Shipping News Worldwide. Source