Coal Prices Gain as Floods in Australia Curb Supplies

Coal Prices Gain as Floods in Australia Curb Supplies

Ian Waldie/Bloomberg

The price for thermal coal at the port of Newcastle in New South Wales, the benchmark for Asia, jumped $6.70, or 5.1 percent, to $138.50 a metric ton in the week ended Jan. 14, the highest since September 2008.