"All major benchmarks for thermal coal have risen above $60 a ton in the past few weeks, an increase of around 50 percent since record lows earlier this year, due to output cuts, supply disruptions, and increases in demand in some parts of the world."
"Prices could even surge by 25 to 50 percent, or up to $90/ton based on current prices."
"Demand for coal from India, Bangladesh, South Africa, Russia, South Korea, Indonesia and Australia is forecast to rise into next year as coal remains a cheaper alternative for producing energy but U.S. and European demand in particular will wane, mainly due to cheaper gas."
