A bucket loads coking coal from the yard at a coke and gas plant near Moscow, Russia. File photo: BLOOMBERG/ANDREY RUDAKOV
The mining companies that have stuck with coal despite pressure to divest are making a killing. Look at Glencore, the world’s largest exporter of seaborne thermal coal. Its shares have risen to a 10-year high as investors anticipate a cash bonanza. For them, it’s an ideal world: Demand is rising, while supply is constrained because institutional investors, led by BlackRock , have convinced nearly every miner to stop opening new pits.
The consumption boom has wrong-footed many who said back in 2013-14 that coal demand had peaked and would soon start to decline. At best, coal consumption is settling at a high altitude plateau. At worst, it may continue rising. Beyond this year, the IEA forecasts some additional small demand increases for 2023 and 2024, setting fresh record highs in both years.
Waking up everyday to see my withdrawals successful notifications on my mailbox. is the best thing I have ever wished for myself, You can contact him via crypto trade. MichaelWeldon_
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
JAVIER BLAS: The coal industry is neither down or outDespite the final communique of the COP26 climate change summit, coal mining companies are making a killing
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »
JAVIER BLAS: The coal industry is neither down or outDespite the final communique of the COP26 climate change summit, coal mining companies are making a killing
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »
GLENN HOLLANDS: Oil and gas industry development of Wild Coast could be a trickBut independent research suggests oil and gas-led development is a slippery concept The privatisation economic model shoved down the throats of the country's political elite promised trickle down economic development which citizens are still grappling to gain from. The oil and gas story is too good to be true against pre-94 deal background.
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »