Reuters reported that Australian coal prices are being pushed upwards by supply concerns caused by heavy rains and flooding in the country’s eastern region.
As quoted in the market report:
But after a year in which global coal prices dropped due to plentiful inventories, some industry sources said concerns about a major supply shortage due to the rains were overblown.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
Get the latest coal supply and coal demand trends. Click below to download a FREE industry report on coal investing.
Get My Free Report
Click here to download for free