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25 Jan
14:39

Costlier coal impacts decarbonisation, iron ore pricing: McKinsey

Elevated coking coal prices could become the norm rather than the exception, accelerating the steel industry’s transition to greener alternatives and radically altering iron ore price dynamics, says McKinsey & Company. Investment in both coking coal mines and coke batteries has been declining and is expected to continue to decline, given sustainability concerns. A resultant supply deficit could raise coal and coke prices, meaning alternative technologies…
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