Coking coal prices have increased significantly. What are the reasons for this growth, and how long can they last?
Indeed, the value around $ 200 per ton has not been reached for more than five years. The process of rising prices may include logistical and environmental issues in Australia's mining operations. In addition, the demand for coking coal has sharply increased due to the increase in steel production in India.
At the same time, there is an increase in coal supplies to Europe, especially from Russia, which this year will exceed 380 million tons of products. First of all, the growth of supplies concerns thermal coal. In addition, it should be remembered that in the next five years the Czech Republic will completely exhaust the production capacity of coking coal.
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