I've mashed two diagrams together with a little note in the picture below, as I think it helps to communicate the lack of significant supply for export coming online for thermal coal. Attention and investment is going strong in coking coal in relation to the relative size of that market. A caveat is that not all jurisdictions are as transparent about their mining projects as we are, so its non-exhaustive, but would be a fairly good indicator where things stand.
More than 46% of the advanced projects are located in Australia (amounting to about 33 Mtpa, of which 25Mtpa is in Qld). It will interesting to see what effect the Qld royalty hike has on some of these projects.
This may be interesting to the 'coal is dropping below $US50' brigade.
Target $18.72, page-4425
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.75 |
Change
0.180(2.38%) |
Mkt cap ! $6.483B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.77 | $7.55 | $43.10M | 5.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 41228 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 10033 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$7.75 |
Change
0.180 ( 2.60 %) |
||||
| Open | High | Low | Volume | ||
| $7.63 | $7.76 | $7.55 | 2739804 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| WHC (ASX) Chart |