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Coal - where to now?

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The squeeze higher in commodity prices was bolstered by reports of foreign companies declining to purchase or ship Russian supplies, including crude oil, and was felt around the world.

The price for top quality Australian coking coal surged above $US500 per tonne, and local thermal coal prices reached $US400 per tonne, both record highs.

Russia is a major exporter of intermediate coking coal for steelmaking and thermal coal for power generation, and the Ukraine crisis and related sanctions on Russia spurred Asian customers to buy any type of coal they could find in expectation of a broader supply shortage.
 
qldfrog said:
https://finance.yahoo.com/news/china-buys-cheap-coking-coal-061116768.html
Please note that the russian price while discounted is still higher than last year:
So Russia wins a bit, China wins a lot and the other suckers economies lose except for maybe heavy coal mining countries..which will still get the inflation..
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yes the Russians are long term clever like that , but when i have had partnerships with Chinese ( ethnics ) that strategy works very smoothly and reliably ( Russia will consider a stable customer a win in itself )
 

US Signs New Climate Pact To Shut Down All Coal Plants​


US Signs New Climate Pact To Shut Down All Coal Plants | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

vote Democrats are endure the consequences ( but let's see if the US will honor that pact , they are so bad at keeping their word )

let's see if the clown-puppet stooges in Australia follow ( but do it for real )
 
It's bs I'm convinced. Look at Germany - run by greens, socialists and women. As soon as they started getting cold they turned the coal burning plants back on. Fossil fuels are a fantastic contrarian bet; energy policy is being made and implemented by idealogues and opportunists not realists. My views second hand from a number of sources but lately mostly Greg Canavan from fat tail.
 
finicky said:
It's bs I'm convinced. Look at Germany - run by greens, socialists and women. As soon as they started getting cold they turned the coal burning plants back on. Fossil fuels are a fantastic contrarian bet; energy policy is being made and implemented by idealogues and opportunists not realists. My views second hand from a number of sources but lately mostly Greg Canavan from fat tail.
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well i hold NHC and WHC at very nice prices , TER i am working on ( getting a comfortable average ) i also hold BHP and S32 and some coal exposure via ATM , i am looking at YAL but am still hesitant

until i see a wave of new nuclear power plant constructions ( outside China ) i won't even believe these CC folks are even sane

but i can tell you all my 'clean energy plays ( outside of NZ power utilities ) have been different versions of train-wrecks the best of which has been CCE which at least are still on the R&D gravy train ( and not in administration or officially bankrupt ) ( or $2K turned into less than $100 )
 
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