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Coal’s Skyrocketing Prices Could Last Years on Russia Disruption

  • Fitch Solutions “substantially” lifts Asian coal price outlook
  • Europe’s plans to wean itself off Russian fuel tightens market
Coal at a thermal power station in Japan.
Coal at a thermal power station in Japan.Photographer: Kiyoshi Ota/Bloomberg

Coal’s remarkable rise from a fuel left for dead to one of the world’s hottest commodities is likely to last for years.

Europe’s plans to wean itself off Russian fuels will support the coal market in two distinct ways, both of which should keep prices of seaborne cargoes inflated for the near future, according to Fitch Solutions analysts.