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MarketWatch reported that Asian demand is fuelling a US coal export boom.
MarketWatch reported that Asian demand is fuelling a US coal export boom.
As quoted in the market news:
Fast-growing China and India have been sucking up shipments to fuel an expansion of coal-fired power plants, disrupting traditional supply channels. South Africa — a traditional exporter to Europe — has been sending more shipments to Asia, creating a hole in the market that the U.S. has helped fill.