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Coking coal contract boost

December may not have been a good month, so far, for spot coking coal prices, but that hasn’t stopped some of the biggest producers settling on the highest quarterly contract price in more than five years.

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Teck and other coking coal producers have benefitted from China’s supply curb

Coking coal has had a stonking year, with China’s coal mining curb leading to a huge uptick in the spot price. It rose to US$308.8 per tonne at the end of November, from a low of $75.

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