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Europe s unused coal heads to new shores in post-crisis glut

Europe s coal exports surge after buying spree turns into glut

Traders are seeking buyers for piles of unused coal before it becomes worthless after the fuel was hoarded to save Europe’s economy from running out of power last year. As concern over energy shortages eased following the continent’s mild winter, imported coal started to be re-loaded at European harbors for markets such as Morocco, Senegal and Guatemala — a reversal in the fossil fuel’s usual shipments.

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