Investors trying to capitalize on higher interest rates and the deep selloff in big technology stocks such as as Amazon.com and Nvidia are stoking a flurry of activity in the options market. Read More...
Reuters
India’s thermal coal imports up nearly 15% in 2022 – Coalmint
India’s imports of thermal coal – used mainly for power generation – grew 14.7% to 161.18 million tonnes in 2022, data from Indian consultancy Coalmint showed on Monday, driven by higher domestic production and shipments by utilities. Imports of coking coal rose 0.8% to 56.1 million tonnes, anthracite grew 12.2% to 1.79 million tonnes, and PCI coal shipments increased 8% to 13.43 million tonnes. Indian imports of petcoke, mostly used by cement plants, doubled to 9.77 million tonnes in 2022 as they were cheaper compared with coal, whose prices hit record highs following Russia’s invasion of Ukraine.
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