Coal futures rose slightly to trade around $240 per metric ton and, getting closer to a record of $269.5 hit on Oct. 5 as flooding put in question China’s efforts to address energy shortages. Heavy rains have forced the closures of 60 coal mines in Shanxi province, the largest coal mining hub in China, adding strains to China’s coal mining industry which is already under immense pressure to ramp up production amid a power crisis in China. 

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