Storm clouds over China provide silver lining for Australian coal prices
Singapore
PRICES for thermal coal for export from Australia's Newcastle terminal have jumped nearly a fifth since mid-May and are at their highest since April, with mining outages tightening supply amid strong northern hemisphere summer demand.
Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired outlets.
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