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Coal Exports From U.S. Reach 20-Year High on Australia Floods
May. 23, 2011 08:24AM PST
Industrial Metals InvestingBloomberg reported that a drop in coal exports following Australia’s floods pushed up exports from the US.
Bloomberg reported that a drop in coal exports following Australia’s floods pushed up exports from the US.
The market news is quoted as saying:
Queensland Resources Council, representing miners in the Australian state, said in January 85 percent of mines were “impaired by excess water.” Further rains delayed a production recovery, RBS Morgans Ltd. said last month.