Coal Stocks Get Burned

Industrial Metals

CNN Money reported that weaker Asian coal demand caused a drop in stock prices for some coal miners.

CNN Money reported that weaker Asian coal demand caused a drop in stock prices for some coal miners.

The market news is quoted as saying:

Alpha Natural Resources (ANR) lost 11% of its market cap Wednesday morning after cutting sales estimates for metallurgical coal, which is used in steelmaking. Alpha cited the steep slowdown in Chinese construction activity as the main reason.

To read the full market news, click here.

The Conversation (0)
×