The Conversation (0)
The Bedford Report released an outlook for the coal industry and reports on two major coal producers, Patriot Coal (NYSE:PCX) and International Coal Group Inc. (NYSE:ICO).
The Bedford Report released an outlook for the coal industry and reports on two major coal producers, Patriot Coal (NYSE:PCX) and International Coal Group Inc. (NYSE:ICO).
The press release is quoted as saying:
While coal demand in Europe and the United States remains stagnant, emerging markets — particularly China and India — have played a critical role in coals renaissance. Indeed an official with the China’s coal association said late last year that the country’s demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015.
To read the full press release, click here.