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Newcastle Herald

Business

Ian Kirkwood

Thermal coal above $US400 a tonne as prices of iron ore and other commodities fall

Coal iron ore Whitehaven Coal Whitehaven

BLACK GOLD: Whitehaven Coal's Maules Creek opencut mine, one of the drivers of the company's impending record year of production, with its annual report due on August 25. Picture: Whitehaven Coal

THERMAL coal - the bedrock of Newcastle's coal exports - is still selling at near record levels of $US400 ($587) a tonne or more - while prices of virtually every other metal or mineral commodity have fallen dramatically in recent months.

The only other exception is lithium, needed for batteries, which is trading at near record prices.

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