You might be right, I am just skeptical when it's said this cycle is different because of xyz.
It's been very difficult to open coal mines for more than a decade and at the start of 2020, coal still hit 60's. At that time, everyone was saying thermal was dead and demand would fall off a cliff. Then, 2 years later, people said supply was impossible to bring online and demand from china is strong.
Who knows the truth but this is the psychology of cycles.
You might be right, I am just skeptical when it's said this...
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