"An independent market analysis predicts a gradual depletion of thecurrent oversupply of export thermal coal over the next 6 years which will lead to a slow increase in thermal seaborne coal prices from the low US$50/tonne to mid US$60/tonne. Thereafter, a further increase in prices, to nearly $90/tonne for exports out of Richards Bay is expected, as new projects will need to be developed to meet demand"
RES Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held