China has made metallurgical coal a winner. The commodity used to make steel has almost doubled this year, outpacing the gains of the best performers from energy, metals and agriculture. Flooding in the Chinese province of Shanxi and cuts to domestic output have trimmed supply, while robust steel production has bolstered demand, according to UBS Group AG. Spot prices have climbed above $150 a metric ton to the highest level in at least three years.
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