U.S. Coal Prices Soar as War Drives Global Commodities Rally
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Concerns of a looming global shortage of coal are driving up prices in every U.S. region that has access to export markets.
Potential sanctions on Russia, a key supplier, have buyers around the world scrambling to line up supplies of the dirtiest fossil fuel. The war in Ukraine has roiled global markets, sending prices soaring for key commodities from oil to wheat and natural gas to nickel, exacerbating an inflationary surge for energy-consuming nations and worsening a cost-of-living crisis for millions.