The seaborne thermal coal market has been in disarray since Indonesia, the world’s biggest exporter, announced it would halt exports for January so it could replenish stockpiles.
In the past year, prices for solar panels have surged more than 50%, while wind turbines are up 13%, and battery prices are rising for the first time ever.
Argentina, where interventionist policies have held back the industry, is becoming a more attractive setting for foreign investors, at least in some of its mineral-rich provinces.