For a few years, Metallurgical Coal was a very attractive commodity for investors and mining companies. As rapid demand growth met with supply disruptions in Australia, the prices for metallurgical coal rose at very high levels.
For a couple of years, prices were two to three times of the production costs for some companies. The high profit margins triggered more suppliers to enter the market and some major mining companies to commit to large, capital intensive projects, in countries such as Australia and Mozambique.
In the last 12 months however, the trend has changed.
In this video interview, Steel Raw Materials Senior Consultant Adam Parums from CRU Analysis, United Kingdom talks about the market outlook for metallurgical coal.
Adam will be speaking at the 5th annual Mozambique Coal Conference on 21st and 22nd July in Maputo, Mozambique. Join him and other leading industry professionals to discuss the latest governmental policies, projects developments and infrastructure progress.
To find out more about the conference and to register, please visit the Mozambique Coal Conference website.