Patriot, U.S. Coal Companies Rise as China Boosts Imports

Bloomberg reported that profits for US coal companies are up on increased imports into China.

The market news is quoted as saying:

China’s coal imports gained 22 percent in May from April to 13.6 million metric tons, a four-month high, according to data from the Beijing-based General Administration of Customs today. Separately, today’s gain halted a 9.8 percent drop this month through yesterday in the Stowe Global Coal Index.

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