Glencore Ebitda Soared as Coal Prices Have Tripled Since August 2020

Helmholtz Watson

“China, the world’s top coal consumer, is in dire need of more supply and is willing to pay any price — a move that threatens to leave less fuel for energy-starved rivals. With winter on the way for much of the world and natural gas prices at record levels, economies across the globe are competing for a finite supply of coal. At the center of the scramble is China, where stockpiles are low and demand is at an all-time high. The dirtiest fossil fuel, which was struggling against cleaner energy sources, is now seeing its biggest comeback ever, complicating international climate talks set to begin in just a few weeks.”

September 28 – Bloomberg (Stephen Stapczynski, Ann Koh and Isis Almeida):