The cost of coal has surged above $200 a tonne, surpassing the 2008 peak during the last commodity boom, and natural gas in Europe and Asia is at an all time high.
Iron ore’s whitenuckle descent took a chunk out of the MINING.COM TOP 50 ranking of the world’s most valuable miners amid a continuing rally in uranium, coal and lithium prices.
Coal prices soared to their highest on record as China accelerated a global struggle for resources that has brought the dirtiest fossil fuel roaring back.