No news?, Ukraine war will be resolved with a whimper in Russias favour. So expect the copper-bottom to fall out of thermal coal prices in Europe. Plus Germans are salivating at the prospect of getting off "Freedom Gas" which has decimated their heavy industrial base over the past 4 years. Steppe gas is at least 3 times cheaper (TTF E10-15/MMBTU) and the Ukraine gets a tariff for transporting it, so with the alternative route U/S (Nordestream blown-up by the Neocons), very likely to happen by end 25.
Coking and Thermal coal prices...where are we going?, page-190
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