Coal Hovers Near 3-Month High

AI Summary

Coal prices remain near a three-month high above $145 per ton with increased demand driven by higher oil and natural gas prices amid Middle East conflict disruptions. The IEA forecasts a 1.2% rise in global coal demand to a record high.

Coal prices held above $145 per ton in mid-September, remaining near their highest levels in three months as the IEA said disruptions from the Middle East conflict had pushed oil and natural gas prices higher, encouraging a shift toward coal-fired power generation. The IEA now forecasts global coal demand to increase 1.2% to a record ...