Australia's largest stock trading and investment forum Australia's #1 stock forum

Australias Greatest Scam, page-42

First 42 Last

Share
Profile

Follow
Grant64t

6,057 Posts.

8

09/07/20

13:41

Post #: 45751590
Share

Originally posted by TillLindemann: ↑

You might have a soft spot for coal. But it's clearly on the way out.

In Europe it is now miniscule. In North America it's in a death spiral. Just last week Japan announced a plan to reduce its coal consumption. Even countries that were very recently seen as the salvation of coal - like India - coal consumption has declined markedly in the last 2 years.

Alternatives to coal are getting cheaper all the time and cutting its grass. Coal is very labour and capital intensive, and its losing on pure economics.

Expand

There's one BIG problem comparing Australia with Europe / Japan & North America

Australia has NON 24/7 alternative to producing electricity !
6 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

First 42 Last