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IEA Coal Market Report

Coal

In the latest edition of its annual Medium-Term Coal Market Report the International Energy Agency has cut its five-year global coal demand forecast by over 500 Mt of coal equivalent and is now predicting average annual growth of 0.8% in global demand in the five years through 2020. The agency cited slower growth in Chinese demand and �structural decline� in Europe and the US as factors behind the forecast. India is mentioned with the potential for strong growth in coal demand over the next five years, and the highest growth rate is projected in ASEAN economies.