Fitch: Global Coal Price Rally Could Last For Years

The rally in coal prices, which began at the end of last year and intensified after the Russian invasion of Ukraine and the subsequent EU ban on Russian coal imports, will likely last for years, according to an analysis by Fitch Solutions carried by Bloomberg. The EU ban on coal imports from Russia begins this month. In April, the EU imposed a ban on imports of coal and other solid fossil fuels from Russia as of August 2022 as part of the fifth round of EU sanctions against Russia over its invasion of Ukraine. The package includes “a…