Mongolian Mining Corp. (MOGLF)

[volmi6]

Hong Kong stocks are moving | Mongolian coking coal (0975.HK) rose 137% in three days Mongolia overtook Australia as China's largest supplier of coking coal.

On December 7th, Mongolian coking coal (0975.HK) rose 49.38 per cent, or about 137 per cent, to HK$1.21 in the past three days, ingesting a market capitalisation of HK$1,245 million. Statistics show that Chinese imports of Australian coal fell 96% in November, and more than 80 Australian coal tankers, worth more than 5 billion yuan, are currently stranded in Chinese ports. And with the subsequent impact, Australia will cancel more than 10 billion coal orders. At the same time, Mongolia successfully overtook Australia as the country's largest supplier of coking coal in September.

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