The Conversation (0)
Coal Investing News reports fundamental to its Chinese economy is coal. Coal is heavily linked to other commodity prices, most notably in its use during steel smelting, and coal prices have now risen 30 per cent from their low in March. “For the second half of 2009, there are still risks of tight coal supply,” said …
Coal Investing News reports fundamental to its Chinese economy is coal.
Coal is heavily linked to other commodity prices, most notably in its use during steel smelting, and coal prices have now risen 30 per cent from their low in March.
“For the second half of 2009, there are still risks of tight coal supply,” said a statement from Huaneng Power International, one of the big five power companies in China, during its first-half meeting report. “As we have not signed coal contracts, the coal market is still fraught with uncertainty and instability. Coal supply and the price of coal could present new problems and challenges.”
For complete story, click this link.
Follow developments in resource mining and exploration for free.