TOKYO -- International prices of coal have climbed to a four-month high on surging activity by fossil-fuel-burning Chinese power plants to offset the drought-induced shortage of hydroelectricity.
Commodities
Coal prices jump to 4-month high on China's power demand
Nation leans on coal-fired plants as drought cuts into hydroelectricity
Cranes unload coal from a cargo ship at a port in Lianyungang, China. The country is relying more on coal because of a drought-induced decline in hydroelectricity output. © Reuters
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