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Coal resurrects to become one of the hottest commodities
Occurrence of La Nina later this year could light up the market for coal further
BLACK GOLD? Zinc is this year's best-performing commodity, but coal is not far off. Contracts for delivery in Q3 to Antwerp, Amsterdam and Rotterdam gain 33 per cent, while Australian benchmark contracts rise 40 per cent.
PHOTO: AFP
London
FOR all the predictions about the death of coal, it's now one of the hottest commodities in the world. The resurrection may have further to run.
A surge in Chinese imports to compensate for lower domestic production has seen European prices jump to near an 18-month high,
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