Articles Tagged "thermal coal"

Thermal Coal Prices to Rise in Medium Term, Says Glencore Xstrata

Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.

Chinese, Indian Demand Set to Boost Australian Thermal Coal Exports

Reuters reported that according to the Bureau of Resources and Energy Economics, Australia is set to export 192 million tonnes of thermal coal from 2013 to 2014, a 6-percent increase. In the five years following that time, the country's exports of the fuel are expected to rise at an average rate of 8 percent.