WHC 2.16% $7.09 whitehaven coal limited

https://www.google.com/amp/s/amp.scmp.com/news/china/article/3211...

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    https://www.google.com/amp/s/amp.scmp.com/news/china/article/3211159/least-2-dead-53-missing-northern-china-coal-mine-collapse


    Here's some more information on the Chinese coal mine collapse last week.

    If you read the second point on the article, plus have a read at some of the other stories posted on this website, it is definitely evident that coal supply is extraordinarily important to both energy demands and national security.
    They were trying to extract as much tonnage as possible, as fast as possible, primarily to just get the price down, and keep it stabilised.

    If coal is so out of favour and will become a relic in the not too distant future, why such a huge effort and acknowledgement?

    Also, and yes this report is extremely old, but it still gives insight of opinions of coal supplies into the future, even pre-2010...

    This is definitely aged data, however some facts have to stick.

    https://www.americanscientist.org/article/coal-futures

    From someone who suffered from last year's tin price shenanigans, where it was discovered, but not highlighted, that the nett primary importers of tin at it's bottom, were the Chinese.

    Now, I am not inferring that they were in any way responsible for shorting the hell out of both coal and tin futures, but more than they are prepared to buy and stockpile larger quantities, in order to sure up future supply.

    Each tonne of thermal below $450/ US now, is money well spent into the future, especially with such a massive hunger for energy.

    Population growth, demographic changes and industrial demands by the whole planet's base load needs into the future, means that can coal stay at these almost 2 decade lows??

    You wouldn't think so....



    Last edited by Ronzo1010: 26/02/23
 
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