With enough Queensland rail / transport screwups, anything is possible. But China isn't importing from anywhere but Mongolia and Russia now - upside in the commodity has to come from ex China demand (not doing that great) or miners and infrastructure providers repeatedly screwing up which is looking like a more reliable source of returns.
Great analysis
And so is your mum:
https://substack.com/profile/1631143-michael-ginsburg/note/c-101267372?utm_source=notes-share-action&r=yylj
Keen to hear an update here on coking coal in particular with market trading USD350+
With enough Queensland rail / transport screwups, anything is possible. But China isn't importing from anywhere but Mongolia and Russia now - upside in the commodity has to come from ex China demand (not doing that great) or miners and infrastructure providers repeatedly screwing up which is looking like a more reliable source of returns.
Excellent article. Very insightful.