Original article by Barry FitzGerald
The Australian – Page: 20 : 12-Sep-14
The price of coking coal has shed 24 per cent so far in 2014, with the spot price falling to $US113.50 per tonne. Citigroup is upbeat about the outlook for coking coal, forecasting that it will rebound to around $US143/tonne in 2015 and $US152/tonne in the following year. The firm cites factors such as rising demand for steel in China and cutbacks in coking coal output in 2014
CORPORATES
CITIGROUP PTY LTD,{SPAC}TIGERS REALM COAL LIMITED – ASX TIG