Anglo American (AAUKY.PK, AAUKF.PK) says the global thermal coal market looks bearish in the...

|About: Anglo American plc ADR (AAUKY)|By:, SA News Editor

Anglo American (AAUKY.PK, AAUKF.PK) says the global thermal coal market looks bearish in the short term, citing slower growth in Chinese power demand and the "explosion" in U.S. shale gas, but remains an attractive market over the medium to long term. Separately, the miner says current coking coal price negotiations are largely focused on supply issues rather than demand.