September 30, 2022

Over the last year and a half, the renaissance of coal – both kinds – has been gobsmacking.

No one saw coal prices of $400 to $600 per tonne coming, including those in the coal industry.

“If, a year ago, fifteen months ago, you had said to people thermal coal could be $440, and coking coal could be $600, they’d call the ambulance and recommend a nice doctor,” Neil Bristow, managing director of H&W worldwide Consulting, said Thursday at a recent Coal Association of Canada conference.

“Who would believe it?”

“These high coal prices are occurring at a time when the Chinese economy is just dead flat on its back,” CEO of Xcoal Energy and Resources Ernie Thrasher added.

https://www.mining.com/coal-price-renaissance-how-long-can-it-last/