Renewables Rejected: Demand for Reliable & Affordable Power Driving Asian Coal Renaissance

Just look at those prices. Less than 2 years ago the economics of coal were questionable for producers. Prices were very low and some mines could not produce profitably anymore. No more – coal prices today have revived the entire industry and it does not look like that they will be able to reduce production for the foreseeable future. Europe will come back to coal when people have suffered enough. Not North America though as cheap shale gas puts a lid on what’s possible for coal there. But that should not matter much to the industry at all.

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