Metallurgical coal is booming – should you invest?

Metallurgical coal has spent the past few years as the industrial commodity nobody wanted to admit owning. It sits under the same coal label as the thermal coal that funds have been told to divest from, even though it does an entirely different job. Capital has stayed away, generalist investors have ignored it, and the sector has traded as if the world were quietly winding it down.That is starting to look like a mistake. The metallurgical coal price has rallied from $224 a tonne to $282 in a few