Yes Coal can be up and down but this is different - Russia has halted supplies of Gas and Coal - and as the World transitions to Renewables they need a transition fuel supply which was going to be Gas - this is too expensive so coal is back in demand.
- Most coal is tied up to long term contracts so trying to find new coal is not easy so countries are forced to pay high prices to secure it.
- I can’t see this changing in the short term whilst the price of Gas is at record prices
Chart, page-29
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Last
$4.85 |
Change
-0.030(0.61%) |
Mkt cap ! $4.099B | |||
| Open | High | Low | Value | Volume |
| $4.87 | $4.87 | $4.83 | $3.093M | 638.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 15889 | $4.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.85 | 17240 | 83 |
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| Last trade - 14.59pm 08/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |