Industry Analysis & Industry Trends
The global recession negatively impacted the Global Coal Mining industry's performance, as both thermal and metallurgical coal prices tanked in light of reduced downstream demand. However, their prices recovered rapidly as demand for electricity generation stabilized, especially in the developing world. The importance of coal in electricity markets is present in both developed and developing worlds; in the future, coal is expected to continue supplying the world with reliable and affordable energy. In the five years to 2021, demand for coal is anticipated to be moderate. Developing nations will continue expanding their infrastructures to supply their populations with reliable and affordable electricity.
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Coal continues to play a vital role in global electricity generation markets and, consequently, the industry has recovered strongly from the global recession. While the industry's performance suffered during the recession, it rebounded strongly in 2010 and 2011. Despite environmental concerns about coal's high carbon content, countries still rely heavily on coal to provide electricity to their populations. In the five years to 2016, the industry's revenue is anticipated to decline at an annualized 11.5% to total an estimated $697.4 billion. Industry revenue is projected to rise 2.0% in 2016 as the price of steaming coal is expected to rebound slightly over the year... read more