COAL
Australian coal stocks are headed for their best week in years after a fire shut down one of country’s major mines, with Morgan Stanley seeing further upside for the commodity.
Whitehaven Coal is poised for a 17% weekly advance, its best since October 2022, with Sydney-listed Coronado Global Resources and Yancoal Australia posting similar gains. Coking coal futures in Singapore hit a two-month high earlier this week after a fire at Anglo American’s biggest metallurgical coal project in Australia halted production.
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