Coal futures reversed course in October and fell below $60 per ton, dragged down by prospects of further cutbacks in European demand as the continent is being hit by a second wave of coronavirus cases, and several countries step up restrictions. Germany, the biggest European importer, warned of an exponential rise in infections. In addition, ECOHZ reported on October 8th that renewable energy demand reached record levels in the first half of 2020, despite the negative effect Covid-19 on global and local economies.
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