They were rising, I accepted that, I said the conflict exacerbated the issue, and his comments that "the invasion had nothing to do with the coal price rise" is factually and demonstrably incorrect. You can clearly see the exact date Russia invaded Ukraine spiked the price immensely.
A lot of times last year Hagetaka spruiked that $250/$300+ etc etc was the new normal, and would go to 2027 etc etc.
My point is, Hagetaka lies through his teeth.
I agree, the main issue is supply and demand. You are correct on that one.
Acland Mine Approval, page-200
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