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China Smog War Seen Dooming Coal on ‘Cheap But Dirty’ Purge

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China’s battle against pollution is threatening the recovery of coal prices from the lowest level in almost nine years.

Installations of new coal-fired power capacity in the world’s biggest polluter are set to halve as “cheap but dirty” plants get eliminated, according to Bloomberg New Energy Finance. Prices of China’s benchmark power-station coal have tumbled 59 percent from a peak in July 2008, and none of five analysts surveyed by Bloomberg predict a recovery.