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Commodities Briefing - Categorized | Energy, Market Moves more

Are coal producers doing an OPEC?

Posted on 02 April 2013

The coal exporters – Australia, South Africa, Indonesia and Mosambique – have come out with regulations in the past few months that make the price of the fuel coming from these nations at similar levels.
On one side, the mineral-rich countries are becoming more conservative of taking away revenues generated from their land overseas. Other, they are making sure they sell at premium, even though prices have seen a downward rally recently. This make the buyers such as India wonder are the coal producers also forming an OPEC-like cartel………………………………………..Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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