Bloomberg reported that European coal continued its descent for the fifth consecutive day, while negotiations continue with striking Colombian coal workers.
As quoted in the market report:
Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp fell 40 cents to $98.50 a metric ton as of 10:05 a.m. London time, according to broker data compiled by Bloomberg. Prices are headed for a 2.3 percent drop this week.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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