Long term coal price., page-21

Further to my last post, extra supply of coal won't bring prices down. It'll be like bhp/rio/FMG making more iron ore. They'd simply wipe out the upper ceiling producers in Brazil and their profit margins would collapse.

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Its the same scenario with coal. If to much supply comes online, the renewables will collapse. This will make the greens look bad, so they won't allow it... They'll keep subsidies up.

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My gut instinct, with no empirical data, is that these new sustained prices of a minimum US$275/t for coal will last for up to ten years. I find it difficult to have visions beyond this time frame right now.