Banks Tip Steel-Making Coal As A Money Making Opportunity [Forbes]
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Goldman Sachs Group, Inc. (The) (GS)
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Source: Forbes
for investors to potentially double their money if they have an appetite for coal. Decades of dominance by China for steel-making, or coking coal, is fading as the Chinese Government encourages a slowdown in steel production. Coal ready for shipping. getty It's a different story in India which is encouraging expansion of steel output and the U.S. where domestic manufacturing has become a government priority. This rebalancing of the steel-making coal industry is expected to spark a recovery in prices over the next 12 months prompting investment banks such as Goldman Sachs, UBS and Macquarie to tip Coronado Global Resources as being one of the stocks to buy. Coking coal has different properties to the thermal, or energy coal used in power stat
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Earnings
- 10/16/24 - Beat
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Sec Filings
- 2/13/25 - Form 424B2
- 2/13/25 - Form 424B2
- 2/13/25 - Form 424B2
- GS's page on the SEC website