mineral exploration project – commodity prices – mining stock- trade and market

Increased demand and coking coal prices in Asia gives hope to the U.S. coal industry affects the demand for coal stocks in the U.S.. Leaders in the U.S. mining company saw indications of an increase in demand for coal and rising coal prices.

U.S. mining companies expect an increase in coal demand and coal prices will help mining companies out the crisis facing today.

Macarthur Coal’s chief executive, Nicole Hollows, has joined BHP Billiton in predicting a move towards more spot market sales to meet growing Chinese demand.

Ms Hollows told a conference in Sydney yesterday that if rapid growth in coking coal demand from Chinese steel mills continued, it would drive a shift away from the contract benchmark system that is in place today.