Thanks genius. That doesn't change any of the points I made.
The coking coal price fall is equally substantial.
The point I'm making is there doesn't appear to be an actual lack of supply. There may have been some shipping issues during covid, but thats it. I dont see any justification for claiming that supply is struggling to keep up with demand, when the prices of both coal types (and all grades) have fallen ~60%+ from their peaks. That doesnt currently sound like the supply is struggling. If there was a supply issue, then no coal mines would have any stockpiles, they'd be shipped as quickly as they can dig it out of the ground. That sounds like the perception of supply caused panic. Same with lithium, same with probably uranium.
Thanks genius. That doesn't change any of the points I made. The...
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$8.32 |
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| Open | High | Low | Value | Volume |
| $8.40 | $8.57 | $8.21 | $70.24M | 8.520M |
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| 1 | 23024 | $8.32 |
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| Price($) | Vol. | No. |
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| WHC (ASX) Chart |