Coal: after the $100 per tonne boom, how long until the bust?



As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel's rally is now among the commodity's top-three bull-runs on record.
The bull-run rivals the 2011 Fukushima nuclear meltown and Australian mining flood spike, and the 2008/09 financial boom and bust.
With Australian Newcastle spot cargo prices for November, up almost 100 percent since June to $100 per tonne, their highest since 2012, traders and analysts say a bust is inevitable.
"Of course it's not going to last. Rising prices are encouraging Chinese miners to raise output and the... read more

 
18 October 2016 in Business, Views: 41
Source: Reuters
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