India buys up cheap Australian coal sitting at Chinese ports as stockpiles plunge

India is buying Australian coal that has been stranded inside China for months, according to people who have made the purchases, spotlighting how geopolitics is complicating Beijing’s battle against an energy supply crisis.The fuel is being bought at a US$12-$15 a ton discount to fresh shipments from Australia and is some of the cheapest thermal coal relative to its quality on the market, said the sources, who asked not to be identified because they were not authorised to speak with the press…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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