Larry Grace, an analyst at Kim Eng Securities Ltd., talks with Bloomberg's Bernard Lo in Hong Kong about the jump in coal prices, impact of snowstorms in China on coal supplies and his investment strategy. Coal prices jumped to a record at Australia's Newcastle port, a benchmark for Asia, surging past $100 a metric ton for the first time as snowstorms in China, power cuts in South Africa and floods in Queensland cut output.
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Added: Feb 4, 2008 |
| Category: Business |
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