Interesting insights here on China's economic slowing and pollution problems. Steaming coal demand is down on closing aluminium smelters and met coal on closing steel plants. Little hard statistical data in the story.
These circumstances favor a multi-commodity business.
While lower coal demand/price is negative for S32, it has more to gain from higher aluminium prices. Net-net, a modest benefit, I'd say.
The article is from the WSJ, here is an un-paywalled version:
https://eresearch.fidelity.com/eres...tegory=AsiaPacific,CN&searchTopic=AsiaPacific
Ash
Coal down, Aluminium up
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Change
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Mkt cap ! $16.21B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.61 | $3.56 | $172.7M | 48.21M |
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| No. | Vol. | Price($) |
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| 7 | 84682 | $3.58 |
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| Price($) | Vol. | No. |
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| $3.59 | 2786 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$3.59 |
Change
0.030 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $3.57 | $3.61 | $3.57 | 8318248 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| S32 (ASX) Chart |