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MINER'S RIGHT
The "pain" in coal looks awfully like profit
Most commodities behave like water, finding their own level as a surplus in one part of the system flows to an area in deficit, which is precisely what's happening with Australian coal and other commodities banned by China.
Damaging at first because Australian coal miners were caught by surprise when China closed its doors last year, the market has rebalanced, albeit in a way that increases costs for everyone trapped in the...
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