Reuters reported that coal prices are set to rise on an export boom, fuelled by an increase in Chinese and U.S. demand.
As quoted in the market report:
Deutsche Bank said that high Chinese coal inventories and mines returning to production would be headwinds for further price rises in the short-term, but added that it expected coal prices to rise over the course of next year.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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