Glencore gets slugged by a thermal coal slump

Glencore’s decision to temporarily shut down its Australian coal production highlights the severe stress experienced by the thermal coal sector, and it could be years before the outlook improves.

Glencore’s unusual decision to shut down Australian coal production for three weeks might be something of a Band-Aid response to the glut in thermal coal markets that has been driving the price down, but it does highlight the stress the sector is experiencing.

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