JAKARTA -- Shares of coal mining companies in Indonesia, the world's largest thermal coal exporter, have surged on the back of record prices for the fuel in the wake of Russia's invasion of Ukraine. But the threat of another government export ban is deterring producers from immediately increasing shipments, likely keeping prices elevated for a while.
Miners in Indonesia, the world's top exporter of thermal coal, are looking to cash in on surging prices for the commodity, but government restrictions are casting a shadow.
Market Spotlight
Indonesia coal miners soar over Russia supply concerns
Threat of another export ban stops producers cashing in right away
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