Seaborne Coal Prices May Rise 40% to $100/Ton by 2020, IEA Says
This article is for subscribers only.
Seaborne thermal coal prices may rise 40 percent by 2020 as producers shut high-cost mines and demand increases, according to the International Energy Agency.
Thermal coal prices will rise to more than $100 a metric ton by the end of the decade and to more than $110 by 2040, based on a scenario of annual average economic growth of 3.4 percent, the Paris-based agency said in its annual World Energy Outlook. India will overtake the U.S. as the second-largest coal consumer after China before 2020, the IEA said.