NewsBite

Why coal stocks are seeing an epic rally

Alex Gluyas
Alex GluyasMarkets reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Disruptions at two major coal operations over the past week have heightened concerns about insufficient supply at a time of growing demand for the commodity, sparking a rally in ASX-listed mining stocks.

Underground fires at Anglo-American’s Grosvenor mine in Queensland and Allegheny Metallurgical’s Longview mine in West Virginia have interrupted production at both mines, which together account for about 2.5 per cent of the hard coking coal export market.

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commodities

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/commodities/coal-rally-resurrects-asx-miners-as-analysts-bet-on-supply-squeeze-20240704-p5jr3t