Here comes darkness! Rolling blackouts world wide. India is in worse shape than China as far our power generation goes. You know, cause green energy works, kek.
Anon here has worked in coal industry for almost 20 years. I will tell you right now I know for a fact that China is buying every single lump of US coal that they can, at any cost necessary. On one side, it’s great for the companies currently that can produce and take advantage of the market. Some special types of Metallurgical coal is going north of $400/ton right now, rumors that steam coal will go over $100/Ton in the near future. However, the last time this happened was in 2008. Remember the stock market crash of 2008? Get ready, it’s coming!
https://www.reuters.com/world/asia-pacific/chinas-top-coal-region-tells-mines-boost-output-immediately-sources-2021-10-08/?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3I7mMWHiYSrFpUAR_97dtI0ZVkViPakd224CeDvuSQzTPFIWnCZitdk4k