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Demand for thermal coal is forecasted to reach US$ 5190.62 billion by the end of 2034. “Leading coal mining businesses are focusing on improving the efficiency of maintenance, logistics, and extraction processes to reduce operating costs,” says a Fact.MR analyst. Leading Players Driving Innovation in the Coal Mining Market:
Metallurgical coal miners Walter Industries and Alpha Natural Resources are trading at prices not seen in 10 years. There is blood in the streets as the sector contends with oversupply caused by ...
Metallurgical coal or coking coal [1] is a grade of coal that can be used to produce good-quality coke. Coke is an essential fuel and reactant in the blast furnace process for primary steelmaking . [ 2 ] [ 3 ] [ 4 ] The demand for metallurgical coal is highly coupled to the demand for steel.
A Recent Study by TNR, The Niche Research, titled "Global Clean Coal Technology Market: Insights, Trends, and Forecast (2024–2034)”, Valued at US$ 3.9 billion in 2023, is Expected to Expand at a CAGR of 4.3% Through 2034.
In November 2018, Contura merged with Alpha Natural Resources to become America's biggest supplier of metallurgical coal. [4] Even though the combination let Alpha Natural Resources emerge from bankruptcy, the first year was a difficult one; lower coal prices, and higher production costs at mines where it makes the type of coal burned at power plants.
At the time, coal was selling for about a quarter of the price of natural gas ($1.5 versus $5.0 per million BTU); however, the ratio has since become much smaller (as of 2010, coal has tripled in price to $4.63/mil BTU while gas is still at $5.189). [4] [6] (Natural gas is used as an alternative to thermal coal in electricity production.)