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2016's stellar performer: Met coal prices rise 73% Jan-Aug

With Kenneth Foo

August 30, 2016 05:00:50 EST (3:35)

Premium hard coking coal prices delivered from Australia have surged 73% since the start of the year. The market is riding a rally not seen since the 2011 floods in Queensland, Australia. Associate editor Kenneth Foo examines how China's aim to cut coal capacity, logistical bottlenecks, and a supply tightness in Australia have lifted metallurgical coal to become amongst 2016’s best performing commodities-- after five years of drastic price drops.

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