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Russian coal miners' shares rise thanks to the Chinese market

Russian coal miners' shares rise thanks to the Chinese market
Photo: pixabay.com

In China, coking coal futures rose 8,2%. The price of Russian shares of the companies Mechel and Raspadskaya rose next.

According to "Finam”, Despite the fact that the world's leading economies are moving to decarbonization, coal companies will continue to operate. Carbon neutrality will be achieved by 2050-2060. According to analysts, if you stop investing in coal mining now, there may be a shortage of coal, which means that prices for it will rise.

At the same time, the coking coals that are mined at Raspadskaya andMechel»Depend on the demand in the Chinese market. Here it is used primarily in ferrous metallurgy, which shows recovery. And instead of the announced shutdown of steel enterprises until March 15, 2022, they will be able to work with a 50% load, which will support quotations for raw materials.

In this regard, financiers predict that Russian coal companies may be of interest to investors.

 

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