From Financial Times: The ability of policymakers in Beijing to roil global commodity markets has led to quite a rally in a key steel making ingredient that has caught consumers cold, but promises a profit windfall for the struggling mining industry.
The price of premium hard coking coal has more than doubled in the past six weeks to more than $200 a ton as supplies have dwindled and buyers have scrambled to find cargoes in the spot market.
China is on the march:
The price of the cooking coal spikes.
Is China the cause of the hikes?
They’re preparing for war;
WW III at the door.
The change that Obama wrought. Yikes!