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Coal’s Heyday At $100 a Ton Passes in Europe With Curbs on Its Use

Price of the power generation fuel may drop 10% this year in Rotterdam as demand falls in Europe and China

A worker walks a storage dump for coal at the Bielszowice mine, operated by Kompania Weglowa SA, in Ruda Slaska, Poland.
Photographer: Bartek Sadowski

Coal’s three-year run of blistering gains in Europe is set to end, clobbered by a combination of weakening demand and energy polices aimed at phasing out the dirtiest fossil fuel.

After prices more than doubled since 2016 as Asian importers drove demand, coal is expected to fall more than 10 percent to $76.50 a ton next year in Europe, a Bloomberg survey shows. That’s a far cry from October’s five-year high of $100 a ton.