Coal climbs to record high on global energy shortage

Friday, the price of benchmark Newcastle Coal surged to the highest level on record.


In a time when climate is high on many agendas, it may seem paradoxical for coal prices to lie at a record high.

In any event, the price of benchmark Newcastle Coal, loaded from its namesake port in Australia, climbed to its highest level ever to USD 203.2 per tonne, reports Bloomberg News. The previous record was set in 2008.

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