The good times are over for Wall Street’s coal stock bulls

CHARTS: Panic buying from Europe and India said to be behind met coal surge.

While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.

Move comes three weeks before a federal appeals court hears Don Blankenship’s challenge of his criminal conviction.

Incident highlights operational and reputational risks faced by companies operating in the extractive sector in underdeveloped parts of central and eastern India, says expert.

While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.

The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.

Despite bumps in the road, most commodities are still having big years on a YTD basis.

The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.

During Q3, the daily spot price averaged almost $133 per tonne, 44% higher than the quarterly benchmark agreed in late June.