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Coal Becoming More Competitive in Face of Rising Gas Prices: Analyst
Nov. 30, 2012 08:56AM PST
Industrial MetalsCNBC reported that coal mining company shares lifted on Friday after favourable analyst comments on the future of the coal industry.
CNBC reported that coal mining company shares lifted on Friday after favourable analyst comments on the future of the coal industry.
As quoted in the market report:
Coal is becoming more competitive since natural gas prices have risen closer to $4 per 1,000 cubic feet. It was below $2 earlier this year. And coal demand is expected to pick up as emerging-market economies get healthier, Sterne Agee analyst Michael S. Dudas said.
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