Yes Coal can be up and down but this is different - Russia has halted supplies of Gas and Coal - and as the World transitions to Renewables they need a transition fuel supply which was going to be Gas - this is too expensive so coal is back in demand.
- Most coal is tied up to long term contracts so trying to find new coal is not easy so countries are forced to pay high prices to secure it.
- I can’t see this changing in the short term whilst the price of Gas is at record prices
Chart, page-29
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Last
$4.89 |
Change
-0.090(1.81%) |
Mkt cap ! $4.133B | |||
| Open | High | Low | Value | Volume |
| $4.91 | $4.93 | $4.73 | $23.71M | 4.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 481 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.90 | 477 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |