Steel furnaces chew a little electricity so thermal coal is just as important to China. Yal also owns 50% of middlemount one of the best coke coal mines around but had a major shutdown year prior though. Anyone remember buying MCC from $2 up to $16 before peabody snaked it? Peabody own the other half but are close to chapter 11 in USA. I'm sure China would love to scoop this in a fire sale but I wonder if the government would allow? QLD gov just bought 10% of darlymple back so there is at least long term support for coal no matter what the guardian or ABC news says.
Anyone reckon iron / coal will spike or fall as America and northern hemisphere goes into covid lockdown again plus winter?
Yancoal struggling to get coal into china, page-9
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Last
$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $7.526B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.73 | $5.64 | $6.697M | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2250 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 8585 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.69 |
Change
0.070 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| $5.68 | $5.72 | $5.65 | 135878 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| YAL (ASX) Chart |