Supply chain disruptions culminate in higher coal prices
The average price of US steam and metallurgical coal has increased over the past year on account of strong demand for energy in support of the reopening of the global economy. However, supply of key energy sources such as hydrocarbons have been unable to match the explosive rise in demand upon the Global Reset as hydrocarbon production is generally slow to react to short-term changes in demand. Therefore, nations have flocked to other energy sources notwithstanding the environmental impact, driving up prices of alternative natural resources such as coal.
COVID|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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