Europe's Electricity Crisis Grows With Alexander Stahel
Lead-Lag Live
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Coal Prices in Europe Are Pretty Much Where You Just Mentioned
Coal prices in Europe are pretty much where you just mentioned them. I think one month forward looking, it was at 420 or so two months forward. It's over 400 euro now per thermal coal, 600 calories, 6,000 calories, heart coal. So that is what we all need. By the way, there Europe needs to replace 58 million pounds that we have sourced from Russia so far. If you wanted to hear that, it's certainly good news for Australia. It's also good news for Colombia. Maybe we even have to ship it as far from Indonesia. And so I'm a bull there.
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