Peabody Says Coal in Early Phase of ‘Super Cycle’
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Global demand for coal is at the beginning of a multiyear growth period, driven by consumption from China and India and the recovering U.S. economy, Peabody Energy Corp. said today.
“We’re in the early stages of a 30-year super cycle in global coal markets,” Chief Executive Officer Gregory Boyce said at the IHS McCloskey Group Coal USA Conference in New York.