Coal Rises on Tightening Supply

AI Summary

Coal futures rose above $145 per ton as tightening global supply and the prolonged Middle East conflict encouraged a shift from gas to coal for power generation. Indonesian thermal-coal shipments fell 23% year over year in August to their lowest reported level.

Coal futures climbed above $145 per ton, rebounding from one-month lows as tightening global supplies and the prolonged Middle East conflict continued to encourage a shift from gas to coal for power generation. Indonesia, the world’s largest exporter of thermal coal, reported that shipments fell 23% in August from a year earlier to their lowest ...