World Bank downbeat on coal prices, but bullish over gold
The institution expects the value of coal to fall more than a quarter in 2024 as demand wanes in favour of renewable energy
SA’s coal mining houses, already battling dwindling export volumes due to the country’s inefficient rail and port system, are in for a torrid 2024, with the World Bank expecting the price of the commodity to fall more than a quarter as demand wanes in favour of renewable energy.
The Washington-based lender said in its commodity markets outlook coal is increasingly being squeezed out of the power sector, partly due to the rapid growth of renewable energy generation and natural gas...
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