Business
Dirty thermal coal is doing an iron ore – The Australian Financial Review
Thermal coal is at 10-year highs, having climbed 150 per cent in nine months. That creates a conundrum for investors.
But OConnor argues the supply dynamics in thermal coal are different to iron ore and copper. Where ore prices have been pushed higher by lingering supply challenges in Brazil, and copper scarcity has been building for a decade, supply problems in thermal coal have been more limited.
There have been some weather disruptions affecting exports and problems at Whitehaven Coals mines have seen it produce less high-quality coal, but OConnor says this is a demand story first and foremost.
Thats underscored…
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