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U.S. Coal Hits 12-Year High, Threatening More Energy Inflation

  • Prices are rising ‘because there’s no supply, no availability’
  • Economic recovery from the pandemic has driven up demand
Money Is Trickling Into Appalachia Again As Miners Extract Signing Bonuses And Coal Production Rises
Photographer: Andrew Harrer/Bloomberg
Updated on

U.S. coal prices surged to the highest in more than 12 years, threatening to bloat America’s already soaring electricity bills and signaling the dirty fuel isn’t get phased out anytime soon.

Prices for coal from Central Appalachia climbed more than $10 last week to $89.75 a ton on the spot market, according to figures released Monday from S&P Global Market Intelligence. That’s the highest since 2009, when a spike in exports boosted domestic prices for the power-plant fuel. Prices in other U.S. regions are lower but have also climbed in recent months.