I suspect that like with iron ore rising well above $100, market participants won't believe that prices will never really go below that new level for a while. If you just look at the money printing, the prices should be at least 80% higher than any previous steady state price and that's without supply / demand imbalance of people getting out of coal far earlier than they should have and the moves to higher grade commodities in both iron ore and coal... I'm very bullish on the last producers of dirty resources making tonnes of cash... literally..
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I suspect that like with iron ore rising well above $100, market...
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23 | 38898 | 7.930 |
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Price($) | Vol. | No. |
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