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Coal rises from ashes, rally to last until 2017

Published Thu, Oct 6, 2016 · 09:50 PM

Singapore

TALK of coal's demise is proving premature, with prices soaring from 10-year lows this year and further rises on the cards into 2017 as the "dirty" fuel continues to be very much in demand for power generation.

A global push to reduce greenhouse gas emissions in favour of renewable energy has seen investors and funds ditch coal assets for cleaner sources.

But coal is still the world's second primary fuel after oil, according to the International Energy Agency (IEA).

Following half a decade of steady decline, thermal coal physical and futures prices have all rallied between 50 and 80 per cent this year, taking many in th…

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