Prices coking coal and iron ore to steel volume is a Loose link. It is about supply meeting demand and unfortunately the World's miners always over supply when demand increases.
Thermal coal is in abundance in many many countries. Just about ability to bring on mines against woke governments wishes.
Coking coal is a limited resource and QLD is a key to the supply.
Iron ore is in abundance and just about developing mines to supply. Oversupply may be looming with Simandau coming on line in coming years.
Coking coal in QLD does not have any major developments coming in my opinion. Olive Downs will add a bit but the rest add up to bugger all.
Target $18.72, page-7998
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