Arch Coal's Optimism for 2017 Reflects Coal Industry's Upbeat Views on Trump, Market Prices
Arch Coal's Optimism for 2017 Reflects Coal Industry's Upbeat Views on Trump, Market Prices
SUGAR LAND--February 9, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Conditions may still be cloudy for the coal industry, but executives at Arch Coal Incorporated (NYSE:ARCH) (St. Louis, Missouri) have an upbeat outlook for the coming year, citing recent growth in metallurgical prices and the election of President Donald Trump, who the industry views as an ally. They also expect the market will rebalance following last year's "undersupplied conditions," with prices stabilizing. Industrial Info is tracking $15.59 billion in active coal-related mining projects in North America.
Within this article: Details on where the North American coal industry is headed, including some of the highest-valued projects under construction.
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