Monday, September 8, 2008

Export demand driving coal price increases in U.S.

Pittsburgh Tribune Review: The volume of U.S. coal exports -- about 80 million to 85 million tons -- is small compared to total coal production of about 1.2 billion tons. Exports, though, have forced local utilities to compete with Europe and Asia for coal, Hoffman said.
"It's less than 10 percent (of the total), but it's setting the price," he said. More...

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