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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Patriot Coal Corp. | NYSE:PCX | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.611 | 0.00 | 01:00:00 |
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The Centre for Monitoring Indian Economy (CMIE) in its monthly report expects India's coal imports this year to increase by 28.3 percent (127 million tons). "Domestic coal production is not sufficient to meet the rising demand from power, cement and steel industries. Therefore, the country relies on imported coal," CMIE said.
In addition, the $23 billion in approved steel projects will look to boost demand for metallurgical coal, which plays a crucial role in the steel making process. Steel output in China is expected to reach 700 million tons in 2012 according to the China Iron and Steel Association.
Paragon Report releases regular market updates on the Coal Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Arch Coal possess one of the industry's most geographically diverse and balanced operating profiles providing a powerful foundation on which to build out metallurgical and thermal volumes. The company serves a broad mix of power producers and industrial accounts here and around the world -- offering a vast metallurgical and thermal product slate and a wide range of logistical options for delivery.
Patriot Coal is a leading coal producer and marketer in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin. In 2011, the company sold 31.1 million tons of coal, of which 76% was sold to domestic and global electricity generators and industrial customers and 24% was sold to domestic and global steel and coke producers. Shares of the company surged 20 percent Monday.
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1 Year Patriot Coal Corp. Chart |
1 Month Patriot Coal Corp. Chart |
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