Weekly SA coal report
The weakness continued across global energy markets last week, in a stark reminder that a spike upwards is generally followed by a spike down. Easy come, easy go.
All coal markers, including the Chinese domestic market, fell quite heavily in a sustained sell off. China has recently intensified measures to improve supply and curb speculation and hoarding, aiming to cap 5500 NCV material at around $69 ex-mine.
Markets will likely be quiet this week as the COP26 climate summit is under way in Glasgow. Delegates are looking to South Africa to provide a template for supporting just transitions around the planet, with Eskom hoping for green finance of upwards of $30-billion to accelerate its move away from coal.
McKinsey & Co have also chimed in, saying that South Africa might need $2-trillion to transition away from coal.
Meanwhile, researchers in New Mexico have discovered that plain old citric acid is highly effective at reclaiming rare-earths from coal ash, making coal miners potentially competitive with Chinese rare earth element miners. This forms part of our own work in researching new and regenerative uses for coal land.
Freight prices have collapsed from their highs although levels remain robust during the traditionally strong Q4-season. Winter across the Northern hemisphere is expected to be colder and longer than normal, thus we expect fossil fuel energy prices to remain relatively robust well into the start of 2022.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
