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Anglo has sold its 70% stake in the Foxleigh mine to a Taurus Funds Management vehicle in the first step of its exit from Australian coal.
Distressed and re-sold cargoes prompt further coal price falls. Iron ore prices remain firm but will deteriorate from mid-year.
Illiquidity and Chinese supply shortages provide stability as world convulses
Headlines from all of Wood Mackenzie's metals and mining short-term outlooks.
Mismatch with downstream in pace of post-lockdown recovery left mines with high inventory but prices should improve in Q4
2016 was a year of volatile prices in the coal industry. China, weather, plant outages, and supply shortages all played a part.
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