India Could Overtake China in Coal Business

MINING.com reported that global coal prices are on the rise. It also said that India could overtake China as the world’s growth engine for coal.

As quoted in the news:

The benchmark thermal export price from Australia’s port of Newcastle is up 22% in a month and on Monday scaled $70 a tonne for the first time in nearly six months.

Hopes are high that India, the world’s second most populous nation after China, could take over the role of China as the world’s growth engine, particularly since the election of business-friendly Prime Minister Narendra Modi who presides over the country’s first majority government since the 1980s.

Click here for the full MINING.com report