Sales of U.S. coal in Europe are booming as European power companies forego natural gas, FT...

|By:, SA News Editor
Sales of U.S. coal in Europe are booming as European power companies forego natural gas, FT reports. The U.S. is on track to break the 1981 record for coal exports of 112.5M tons, with Europe accounting for more than half of this year’s coal export tally. Little more than four years removed from its all-time peak price of $161/ton, coal dipped to $63 this week.