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Iron ore’s price pain is coking coal’s gain@financial review
Aug 6, 2021 (open in new private tab if paywall issues)
Prices for top quality hard coking coal from Queensland have almost doubled in less than three months to fetch $US219.50 per tonne on the back of a shortage of supply...
Coking coal is expected to challenge liquefied natural gas for the title of Australia’s second most lucrative export commodity in fiscal 2022...
China’s ban on Australian coal specifically has also distorted trade routes, meaning China now buys more North American, South African, Russian and Mongolian coal...
A lack of investment in new coal mines has driven a shortage of the commodity, prompting the Chinese government to this week reopen 15 domestic coal mines for a year in a bid to bolster supply of both coking coal and thermal coal...
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