Aspire’s Ovoot Coal Poised for Strong Chinese Demand

Aspire Mining Limited (AU:AKM) has released an update.

Aspire Mining Limited’s Ovoot Coking Coal Project is set to meet significant demand in China, with its high-quality ‘fat’ coking coal identified as a sought-after commodity for coke production. The recent Fenwei Market Study indicates a supply shortfall in key Chinese provinces, projecting a strong market with prices potentially reaching US$244 per tonne by 2025, a significant increase from previously estimated figures. Aspire plans to capitalize on this opportunity by transporting coal from its Mongolian mine to Chinese markets via established railway routes.

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