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Dundee Base Metals & Coal Commodity Price Forecast: Chinese Credit Crunch reduces Growth Expectations Again

Base Metals & Coal, Dundee Capital Markets, July 8 2013

In this report, analysts forecast coal and base metal prices assuming that a credit crisis does not develop in China, and "stress testing" the effect on commodity prices if a credit crisis does develop in China.

CoalWatch note: Dundee's "Bear Case" scenario envisions a slide in metallurgical coal (hard coking coal or HCC) through 2013 to $123 per tonne, and a slide in thermal coal to $66/tonne. At these prices, the proposed Raven Underground Coal Project is not likely to attract any investor interest, if indeed it is even viable.

Click here to download the Dundee report