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Market Analysis: Coal Companies Face Problem Of Oversupplied Markets As They Look To Survive

September 24, 2014

Metallurgical and thermal coal markets remain weak causing coal companies to work aggressively to reduce operational costs and capital expenditures to stay afloat.  Market analysts believe that the metallurgical coal market is weak due at least partially to a weak demand due to economic slowdowns in global markets and the depreciation of the Australian currency, which has lead the Aussies to maintain a high metallurgical coal production rate, flooding the market despite weak pricing.

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