US coal exports this year should be slightly higher than last year's 72 million tonnes.

About 870,000 tonnes of Russian coal have already delivered or are expected to be delivered at Indian shores until March 20.

The disruptions will further tighten the global coal market as importers scramble to replace shipments from Russia.

Peabody’s margin call is one of the flashiest examples of how the volatility sweeping commodity markets will slam companies that are holding wrong-way bets.

Prices of palladium, coal and other commodities have skyrocketed since Russia's Feb. 24 invasion of Ukraine, while sanctions on Moscow drive Western consumers to replace Russian supply.

A spate of deadly coal mining accidents to start the year is raising the specter of output-dampening safety checks in China just as global supply is tightening.

New restrictions on overseas sales are possible in either April or August to make sure local power plants have sufficient supply.

The talks involve the Glencore-owned Cerrejon coal mine and a unit of British miner Drummond Co.