The Australian' on Monday 30 August 2021 has a syndicated article from 'The Wall Street Journal' that discusses mainland communist China's steel production.
This is the standout paragraph, which one can extrapolate is positive for NHC even if not directly about thermal coal, and more about metallurgical coal:
"...But with the economy slowing as Covid-19 surges once more, China’s top brass has begun to provide some wiggle room. A high-level meeting in late July chaired by President Xi Jinping warned against “campaign-style” climate measures. State media weighed in to discourage “unrealistic pledges.”..."
New Hope Price Target Raised 23% to A$2.40/Share, page-145
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