Don't kill me for posting. One possible factor, from tradingeconomics / commodities / coal
Newcastle coal futures dropped to approximately $133 per tonne, reaching a new weekly low, as China advances towards its climate goals and adheres to stricter international carbon standards. In May, China's coal generation share hit a record low of 53%, down from 60% a year earlier, as renewable energy sources reached new highs. Additionally, China did not approve any coal-based steelmaking projects in the first half of the year, a first since it announced its major climate neutrality goals in 2020. In contrast, coal-fired power generation in the US is projected to increase this year and in 2025 compared to 2023 levels due to high natural gas prices.
YAL Price at posting:
$6.91 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)