Fat Prophets Resources Analyst David Lennox explains how coal prices surged in 2022 following the opening of the Carmichael coal mine and the outbreak of the Ukraine-Russia war, which saw a rapid demand for electricity.
“What we saw was a power generation sector that was hungry for coal because they had this huge surge in
demand for electricity, but there was just no coal available,” he told Sky News Business Editor Ross Greenwood.
Malaysia Latest News, Malaysia Headlines
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