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MINER'S RIGHT
Coal outlook is stronger for longer
Demand, caused in part by Russia’s war in Ukraine, has driven the price of thermal coal to an all-time high of more than US$400 a tonne. Supply shortages could keep it there, or push it even further into the stratosphere.
Of those two basic economic forces demand is the easiest to understand because embargoes on Russian gas, oil and coal has created an unexpected shortage of fossil fuel which cannot yet be replaced by renewables...
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