September 14, 2012
The natural gas revolution has wreaked havoc on the thermal coal industry, and now, metallurgical coal, or coke coal, is starting to experience significant headwinds from European debt worries and slowing growth in emerging economies. Coke coal is down close to 30% over the past few months, as global steal demand has declined, greatly disrupting a coal industry desperately needing coke coal to help float the extremely depressed thermal coal market.
The future of coal lies in the power of emerging economies to sustain continued growth, but more and more companies are also finding their futures lie overseas. Our analysts have found three companies profiting from our increasingly global economy. Be sure to check out our free report 3 American Companies Set to Dominate the World. Click here to get your free copy before it’s gone.