coal

Three of the top four performing companies in the S&P/ASX 100 over the past year operate thermal coal mines, which points to remarkable structural imbalance in the market.

While the environment will likely get more difficult, low-cost operators like BHP are well positioned.

Australia’s trade surplus hit a record high of $15.97 billion in May 2022 from April’s $13.25 billion and higher than a consensus forecast of $10.73 billion. The surprise rise in exports came on the back of rising global demand and soaring commodity prices.

ASX falls late, AGL (ASX:AGL) seeking battery approval, coal prices boosted by floods The ASX200 (ASX:XJO) fell into the close ending 0.1% lower, with the materials sector the biggest detractor falling 1.5%. The selling pressure came after one of the key Chinese smelting cities announced curbs on steelmaking operations as they seek to address environmental concerns. This sent…