Coal Drops on Lower Anticipated Demand
The Street reported that coal stocks fell on concerns slower growth in China will hamper demand.
The Street reported that coal stocks fell on concerns slower growth in China will hamper demand.
Bloomberg reported that prices for thermal coal at China's Qinhuangdao port fell as stockpiles grew.
Bloomberg reported that thermal coal from China's Qinhuangdao port should drop due to oversupply.
Bloomberg reported that China coal imports increased to 19.7 million tons in January.
China is demanding more clean energy. Clean coal offers one solution to its energy and environmental priorities, but it is questionable how soon these facilities will become common place. Recent agreements for clean coal facilities suggest they are making real strides, but is clean coal really a priority?
Reuters reported that shares of L&L Energy (NASDAQ:LLEN) rose on the company's purchase of a Chinese coal mine.
Vilified as a dirty energy source in advanced industrialized economies, coal is booming around the world. Emerging economies are the critical driving force behind the continued growth, but barriers do exist.
Platts reported that Newcastle thermal coal prices fell as Chinese demand dropped off.
In 2012, China is apt to be the driving force of the coal markets, followed by its fellow emerging markets.
Globe and Mail reported that coal exporters are hoping for continued Asian demand for metallurgical coal.
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