Coking Coal Up Another 11% this Week to New All-Time High!

Coking Coal is continuing to explode to new all-time highs this week! Morien Resources (TSXV: MOX) is about to become one of NIA's largest percentage gainers of all-time!

On Friday, September 3rd, the most actively traded Chinese coking coal futures contract settled at 2,617 yuan (US$405.56) per tonne.

On Monday, September 6th (yesterday), U.S. markets were closed but the most actively traded Chinese coking coal futures contract gained by 3.48% on the Dalian Commodity Exchange to settle at a new all-time high of 2,708 yuan (US$419.32) per tonne.

Today, the most actively traded Chinese coking coal futures contract soared another 7.36% on the Dalian Commodity Exchange and is currently trading for a new all-time high of 2,908 yuan (US$449.89) per tonne!

The Dalian Commodity Exchange is the #1 most important coking coal market. North America doesn't have a futures market for coking coalU.S. coking coal prices from Hampton Roads only get updated once per day and are usually two days behind, but when Dalian coking coal explodes higher a similar upward move for U.S. coking coal almost always follows!

MOX's 2%-4% gross production royalty in the Donkin Coking Coal Mine is about to become one of the most valuable mining royalties held by any small-cap publicly traded company!

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