Indonesias domestic consumtion is 550 - 600 Mt (2019-20), expected production for 2022 is 637-664 Mt. They don`t have much to export even without BAN, just trade bad lignit 4200 kcal for better kcal.
RE: Last day where we see s sub £4 SP21 Dec 2021 21:29
The current price is based only on a cash deposit into a bank account. Everyone should be aware that coal consumption in Asia is increasing. I don't have a price goal in mind, and I have no plans to leave. I'm hoping to be first in line for the next coal demerger :)
I track PM miners and to re-open mines you need a year or more to do that. Coal mines are beasts in size and this require some time to start production.
With Iron ore issue China response with steel production cut. With coal issue China can`t do nothing winter is not even here yet. They must heat homes and run production with coal plants, no way other around this.