Target $18.72, page-7788

Met coal demand (with India its demand) is expected to increase by c.100%, between 2023-2050, according to Commodities' Consultants AME in June 2023.
There are, however, doubts whether sufficient high grade new met mine approvals will be able to meet this demand (This AME info. was included in a 23.10.23 Press Release from Coronado CRN).

This bodes very well for WHC.
(The IEA- very green evangelistic organisation- 2021 reports suggesting a significant decline in met coal demand by 2050 are, IMO, lacking merit for many reasons.
Many independent experts have stated vast amounts of steel will be needed, for decades, for:-

. the decarbonisation transition, particularly wind turbines.

. developing (& developed) countries still require vast amounts of steel for development, infrastructure etc.

. there is currently no efficient, cheap, & reliable alternative to using met coal in furnances to make steel. Hydrogen power does not work efficiently at scale, beset by many very costly & intractable (& insoluable?) problems.

. last December's COP 2028 Conference was bitterly disappointing, & a major setback, for many anti-fossil fuel exponents.

They wanted a Final Resolution that said fossil fuels must be totally phased out by 2050- but the Final Resolution, "universally" adopted, stated that the world needs to transition away from fossil fuels by 2050 (ie their usage can still be vast after 2050; & many experts have stated there are numerous "loopholes" in the Final Resolution, allowing vast fossil fuel use after).

. the IEA does not address the cold, hard facts, often espoused regularly by Rick Rule, & others: in the last 40 years, the world has spent US $5 trillion on various renewables' projects- but the use of fossil fuels for power generation has only declined from 82% to 81% internationally!

Thanks @ShareJagger for these 2 links.
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