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Forum - Mining and Commodities Eh! (Morgan Stanley China - CAF)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 02/04/2018 22:13
Forum: Mining and Commodities Eh! - Msg #6119 - List CAF msgs Thread #673914972 (Rec: 0)
Coking coal price chart -

Near a multi year high. When you factor in all the current events that are bullish for the price, this is a perfect storm for any company in this sector.

Reply to Jimjones1972 - Msg #6118 - 02/04/2018 12:08

8 Recent Bullish Articles On Coking Coal

1) Decmber 18th 2017 - Iron ore, coking coal prices are soaring
2) January 18th 2018 - India Steel Ministry Seeks Abolition of Metallurgical Coal Import Tax
3) January 29th 2018 - Macquarie Bank has upgraded its price forecasts for iron ore and coal
4) January 23rd 2018 - Coking coal prices supported by mine, logistics issues: Seaport Global
5) January 18th 2018 - Coking coal in focus on lower production forecasts
6) February 2nd 2018 - Coking coal outlook bright for 2018 on robust Chinese demand
Two major producing mines are currently out of commission which is driving prices even higher
7) January 26th 2018 - Canada's Teck sees 200,000 mt coking coal loss from Elkview plant issue
8) January 17th 2018 - South32 Q2 coking coal output falls 43 pct as mine outage weighs

Also in news, there are numerous countries defying sanctions such as China, Russia, Taiwan, Vietnam and others to try and secure supplies of coking coal from North Korea. If countries are that desperate for this type of coal and willing to risk backlash from it, you know the world supply is diminishing quickly.

Why did I post all these articles? Because CAF.V is in the right place at the right time and their last 9 months show this because of the tremendous growth in sales and profits associated with the supply crunch. Stock will be one of the gems of the TSX-V in 2018
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