China slashed ‘inefficient’ coal mining capacity by 231 mil mt in 2010

Canada announced last week it would impose 100% tariffs on Chinese-made EVs effective October 1.

The flick higher on Friday ends five days of losses amid torrid conditions in China’s steel market.

The departures came after global prices of the key steel-making ingredient tumbled almost 40%.

The mine, in the Hunter Valley region, was placed on care and maintenance in late 2006 because of operational difficulties and lower coal prices.