Lowest 10% on the cash cost curve says it all! Look at the numbers when the price was at $170 which was less than 2 months ago! Chinese on path for record steel production and you still need hard coking coal. With their supplies at max capacity watch them start importing like iron ore and see where the price ends up. Wood Mackenzie still forecasting over $200/t and AYA is at the front of the queue to capitalise. Low cost low CAPEX and more importantly the permits to MINE!
coking coal prices, page-2
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