The CEO of Peabody Energy (BTU) is famous for proclaiming the Super Cycle in coal. A funny thing happened on the way to realizing this proclamation.
The company produces and sells thermal and metallurgical coal to customers in more than 25 countries on six continents.
Market data still shows healthy demand for coal in Asian countries that continue to build coal-fired power plants. Unfortunately for coal producers, a chain of events from slowing growth in China to the advances in production of natural gas in the U.S. has slowed down the short-term demand for coal.
Read the full article at Seeking Alpha.
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