Five Star Equities released research on James River Coal Company (NASDAQ:JRCC), Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
As quoted in the press release:
The demand for coal has also been rising in India as their production levels have failed to meet the country’s growing demand. The Centre for Monitoring Indian Economy predicts that India’s coal imports will rise 28 percent this fiscal.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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