New Hope Price Target Raised 23% to A$2.40/Share, page-47

Thermal coal up another 1%,
the below underlined has a pleasant ring to it.

From tradingeconomics:
"Coal futures skyrocketed to multi-year highs above $150 a tonne as demand is out growing supply. A heat wave in Zhejiang, Jiangsu and Guangdong, China's biggest industrial provinces and a rebound in industrial output pushed demand higher despite government’s pledge to cut carbon emissions. On the supply side, China authorized the restart of production for a year at 15 coal mines across northern provinces such as Shanxi and Xinjiang region. Elsewhere, a trade spat with Australia has crimped imports while supplies remain limited by a closed mine in Colombia, flooding in Indonesia and Australia. The coal prices almost doubled this year as warmer weather boosted demand in Japan, South Korea, and the United States, and production declined in Indonesia and Australia due to flooding."



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