We expect global coal demand to remain strong in the near term as the world recovers from the pandemic and Europe shifts to renewables (in the long term) from Russian gas, increasing dependency on coal in the near term. We believe that with a continued heat wave in China, hydro production should reduce further, increasing reliance on thermal coal. We further believe Europe will continue to re-open as well as increase the lifecycle of its remaining thermal power plants and in the process will fuel demand for thermal coal. Domestic coal demand to remain strong E-auction premiums to remain firm …
