China coal mine closures after deadly incidents likely to add to commodity pressure

Source: China – South China Morning PostA growing number of local authorities across China are temporarily closing coal mines to avoid more deadly incidents ahead of the Communist Party’s 100th anniversary next week, but the move is expected to add more pressure to commodity prices in the world’s second largest economy.China’s biggest coal-producing province Shanxi, which accounted for about 14 per cent of total global coal output last year, announced on Thursday the immediate closure of two local mines for at least a month following…Read More

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