| After a five-year downturn, the world’s least-loved commodity is burning brightly again. The price of coking coal has just topped $300 a tonne for the first time since 2011 as steel mills in Asia scramble for supplies.
Premium hard Australian coking coal rose 6 per cent to $307.2 a tonne on Tuesday, extending gains since April to 250 per cent, according to a price assessment from the Steel Index. The last time coking – this year’s best performing commodity – was trading at these levels was in 2011 after severe flooding disrupted supplies from Australia, a leading producer...........................................Full Article: Source
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