The extraordinary rally in coking coal prices is now pushing towards boom time territory, with the spot price for premium Australian coking coal rising more than 7 per cent overnight.
Top quality Australian coking coal was selling for $US289.30 per tonne this morning, having leapt from $US270 per tonne the previous day.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
