Nomura reiterates its cautious stance on U.S. met coal producers (KOL) after June coal export data shows a 28% M/M slide. The firm sees further volume risk in H2 as Australian capacity has ramped back up to full production and more is expected to come online by year-end. Consol (CNX -0.4%) is reiterated at Buy, while Alpha Natural (ANR -1.3%) and Arch Coal (ACI -1.3%) remain at Neutral.
Nomura reiterates its cautious stance on U.S. met coal producers (KOL) after June coal export...
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