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The Economic Times
The Economic Times
Veer Sharma

Bharat Coking Coal shares jump over 7%. What's behind the sharp surge?

Coal

Shares of Bharat Coking Coal rose 7.5% to Rs 37.70 on the BSE on Friday as global coking coal prices surged more than 18% over the past two sessions. The commodity gained 10% on Friday alone and moved close to two-year high levels.

The sharp rise in coking coal prices comes shortly after the CEO of Australian mining major BHP said that the "best years" for coking coal "are potentially still ahead", bringing renewed focus on the outlook for the key steelmaking raw material.

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