Coal Prices: Only Way Up

Coal Investing News reports coal prices are at the bottom however with the credit markets working, the only way is to go up.

While US President Barack Obama’s cap-and-trade anti-emissions policy may sound scary for coal, Joy Global CEO Mike Sutherlin is not nervous and looks to China for huge demand. China is “doing everything right” with its bountiful stimulus plan which involves huge infrastructure projects which will require Joy Global’s equipment for mining and steel production.

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