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.
Lithium companies continue to lead the stock market. While the TSX Composite gained about 13% year-to-date and S&P 500 scored a mere 6.4%, lithium companies grew by a stunning 24%.
It’s a knows fact that Sept and October are typically weak times for US stocks. Going back 37 years shows us the tendency for investors to sell and rebalance their portfolios to try and perform better during the final quarter.