Growing export demand for American coal, combined with incrementally slowing domestic production, are responsible for the large increases in spot market prices for benchmark coal
products. Central Appalachia coal is up 93 percent on the year, while Power River Basin coal is up 64 percent. But where's it all going? China, South Africa, and Indonesia, once major coal exporters, are cutting exports to fuel domestic growth. U.S. coal is mostly finding its way to Europe
and Japan, where a weak dollar and highly subsidized mining make relatively less expensive coal all the more welcome.
This is good news for the coal industry, as growing domestic opposition to power plant construction