Great analysis, thanks for your summary.
I love the long term scenario that governments are developing:
1) actively limit supply of any coal permitting, because they want to appease an uneducated public and the thematic of the decade
2) actively increase the need for steel, because it is used in every renewables technology that is being pushed, which of course needs good quality met coal
3) this leads to a decreasing supply of met coal but with increasing demand for met coal, which means pricing will have upward pressure
4) BCB are increasing supply of a good quality product, in a tier one country into a supply limited world
GLTAH
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