Differences in coal prices; Aus vs USA
I'm doing some research on a coal company which has assets in Australia and the US (think something like Peabody)
In Australia their coal went to China for ~US$90/t but in the US it went domestically for ~$US20-40/t.
I must be making a mistake
How can there be such a difference in price the coal quality is about the same- if someone could sell to China for more then double then why would anyone sell domestically in the US?
I know there are infrastructure bottlenecks on the US west coast but am I missing anything else?
import costs, transport..there's tons of possibilities
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