Coal prices in Asia, Europe hit record highs amid concerns over supply disruptions

Thermal coal prices in Asia and Europe have hit record highs as the threat of supply disruptions adds new risks. Europe has been struggling with its energy needs since Russia invaded Ukraine. It reached crisis mode after Russia stopped gas flows. To plug the supply gap, Europe is turning to coal, which is in turn pushing up prices. Another factor is weather disruptions in Australia, a key global supplier.

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