Jan. 9, 2024 7:55 am ET
Even China’s voracious urge for food for thermal coal hasn’t been capable of arrest sliding costs of the dirtiest fossil gas. Blame an inflow of provide from Indonesia and Australia, and an uptick in coal mining globally.
Despite widespread perceptions that the coal trade is underneath risk, output is definitely hitting new data—at the least exterior the U.S. and EU.
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Source: wsj.com