Coal in the Commodity Cycle – 201410 presentation

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Coals ain’t Coals
Metallurgical (coking) coal
◦ dependent on outlook for steel
Very few effective substitutes for blast furnace
process.
◦ Coking coal is a global market
Thermal coal
◦ one of several potential sources of heat for
thermal power stations, competing with
nuclear and increasingly with renewables.
◦ Thermal coal is two regional markets.

Description

Outlook for Energy Demand

When you go home at night,

or to work,

after a good, a bad, or an ugly day,

do you NOT turn the lights on?

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