Coking and Thermal coal prices...where are we going?, page-634

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borano

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16/04/25

14:55

Post #: 78714857
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Originally posted by Morgrim: ↑

Hey borano - actually I often appreciate your counter-viewpoint. You get emotional/passionate, but stay on-topic and find fact to support your opinion. I have no problem with lively and opposing viewpoints and debate.

Alex, on the other hand, has gotten very little right over the years. He's just a leftist loon smoking climate change crack and running around with "orange man bad" and no actual appreciation of the market, the companies, the global drivers or the changes in seasonal demand. He only has one tune "coal is bad" and "WHC is over-cooked" - even when it was hitting $11. He is just a scaremonger with no data and gets it right on a downturn.

Coal has cycles, globally. It has been in the absolutely doldrums many times over the last 20 years. Coal has been dead too many times to count.

We see demand driven by steel, and for met coal it certainly is. With Trump(!) wanting to increase his defence forces there is likely to be an increase in demand. Will Australia get a look-in? Who knows...too early to say. With the constant and consistent failure of renewables becoming more and more obvious, the choir is starting to moderate their song a bit from "NetZero or we all burn" to..."NetZero is the right goal...soon".

If they were honest, they would do 2 things:
1. Stop buying a new mobile phone every year (the mining behind these things is insane)
2. Be advocates for nuclear in the strongest possible terms. If they are not, they are either zealots, liars, or idiots. It has the smallest environmental footprint and is the only net-zero emission supply.
- "But it takes 20 years" - Sure - so why haven't you started already!?!
- "But it costs soooo much" - A lot less than renewables. According to NetZero Australia the number is $8T for renewables.
- "But we'll all get 2 heads from the waste" - And yet the waste is small, easily disposed of and a lot less of an issue than from rare-earth metals used for batteries or other renewables - none of which have a decent shelf-life or which can be recycled.

And we know renewables cannot supply the current demand, to say nothing of normal increased demand over time.

BUT - I digress.

Steel is one driver. The real demand that is coming, that we haven't seen or appreciated yet, is AI. The amounts of energy required here will start to accelerate as the technology continues to be adopted...and with renewables failing to produce decent supply, and nuclear being a ways off, coal and gas will be in demand for some time.

Will the golden age of WHC at $11 return? Who knows? But certainly trying to pick a peak in the middle of a global reestablishment of the equilibrium of trade is hardly the time to be guessing.

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Fair points Morgrim.
Please just listen to the whole ABCIview thing I posted. It might sound like a dream but if that comes true, coal plants will be re-started, built forever.
It's a fantastic technology.
To me it's exciting. Humour me. It's more about getting rid of carbon. It's not about alternative sources etc.

WHC Price at posting: $4.70 Sentiment: None Disclosure: Not Held
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Coking and Thermal coal prices...where are we going?, page-634

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Coking and Thermal coal prices...where are we going?, page-634

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