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In response to
"
Almost every lump of coal that U.S. miners will dig out of the ground next year has already been sold -- (link)
"
by
budice
That’s not particularly unusual. A lot of bulk commodity miners tend to have a lot of long term contracts.
Posted by
mafic
Oct 28 '21, 15:27
Especially energy. Price jumps tend to drive the amount they keep to sell on the spot market down.
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