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Greatest sceptics of coal surge may be miners themselves

Wariness stems from rally being driven by Chinese policies that curbed production rather than any pickup in demand

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Published Wed, Oct 12, 2016 · 09:50 PM

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    Hong Kong

    SURGING coal prices have been a surprise blessing for mining companies this year. But few of them seem to believe it will last.

    The rally has been driven by Chinese policy changes that curbed production rather than any pickup in demand. That means producers who sought to survive a downturn by shuttering mines aren't yet ready to buy into it.

    Coal

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