Coal prices are hitting record highs. Here's why that's a 'once in a ...
· Premium Low Vol CFR China – a benchmark for Chinese coking coal imports — hit an alltime high of US410/t last Wednesday. That's a 248% increase over the past year. The previous high for the steelmaking ingredient was /t in January 2011, after cyclone Yasi devastated the coalproducing region of Queensland.
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