Coal Prices Remain Strong, Despite Falling U.S. and European Demand. The Reason: Asia-Pacific.

Coal may be losing market share as a major energy source in some parts of the world, but the death knell for the industry hasn’t sounded yet, and might not for decades.

Thermal coal, which is used for power generation, is a “declining commodity,” admits James Stevenson, the research lead for coal, metals, and mining at IHS Markit. He notes that in the U.S., coal demand is about half what it was over a decade ago.

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