Teck doesn't think current spot price of coking coal is sustainable

摘要

Hovering at the $160.007t FOB mark, the current spot price of hard coking coal is too low to be sustained on a long-term basis. That's the view from Teck Resources, the world's second largest seaborne coking coal exporter. Ron Millos, the senior vice president of finance at Teck Resources, spoke at the 18th Annual Bank of America Merrill Lynch Canadian Mining Conference in Toronto.