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1.4 billion tonnes of coal need I say more? If so keep on reading.

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Message: In the News
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Mar 14, 2011 06:01PM

Nuclear power is now in a lose lose situation. The world still needs to turn the lights on and the demand for coal will increase.


Most Uranium stocks were down today and money never sleeps. If you look at most of the stocks that were up today they are LNG and coal stocks.




http://www.ft.com/cms/s/0/34daf6ea-4e66-11e0-98eb-00144feab49a.html#axzz1GcDV6MJ1

Tokyo is also likely to increase thermal coal imports, just as Japan’s utilities negotiate annual supply contracts with Australian miners.
The negotiations, with an April 1 deadline, are likely to settle annual prices in excess of the record $125 a tonne agreed in 2008-09, traders and analysts said.


http://online.wsj.com/article/SB10001424052748704893604576200821012229258.html
Around Asia, cement producers, steel makers and thermal-coal miners outperformed. Construction-related stocks gained because of expectations Japan's effort to rebuild will increase demand, while coal producers rallied on hopes that sales of thermal coal would benefit from a shutdown of parts of Japan's nuclear-power network.

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Mar 15, 2011 08:57PM
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