By SIMON CONSTABLE
The coal market has been burning brighter lately. But don’t expect the glow to last too long.
That’s because the reasons for the rally aren’t sustainable. The surge in demand for coal is likely to be ephemeral, and production isn’t falling as much as would have been expected. The long-term prospects for coal aren’t promising in the U.S. and Europe, thanks to environmental concerns. But coal-generated power still accounts for two-fifths of global electricity supply. Read more here.
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