Global coal prices surge as Ukraine tensions rise

Supply shortages and the Ukraine-Russia crisis raise concerns over energy supplies
Global coal prices jumped by over a third in January, edging toward record highs reached in October 2021, due to supply shortages and tensions between Russia and Ukraine. The benchmark Newcastle coal index rose to $262 a ton.
The coal market reacted to a month-long export ban by major supplier Indonesia, which halted deliveries following new domestic market sales regulations at the peak of the European heating season. The ban is due to be lifted on January 31, but experts are uncertain about the volume of coal the markets may expect, with Indonesian authorities saying only miners that have complied with the new laws will be allowed to resume exports.
There are also worries over the outcome of the Russia-Ukraine crisis. The reported increase of Russian troops near Ukraine's border has been met with outrage in the West, which threatened Moscow with sanctions in the event of a military conflict.
Some experts speculate that Russia...

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