Photo: AFPLondon/Frankfurt/Prague: For all the predictions about the death of coal, it’s now one of the hottest commodities in the world. “There’s a strong pulse.”What could light up the market further is the occurrence of a La Nina weather pattern later this year. La Nina systems can last for as long as two years, occurring when the surface of the equatorial Pacific cools, shifting weather patterns across the world. Named by fishermen in Latin America, La Nina is the ‘The Girl,’ which often follows an El Nino, or ‘The boy’. “That’s the risk.”Even without a La Nina, coal has the potential for further gains.

Source: Mint September 09, 2016 08:03 UTC