Peabody Says Investors See Worst May Be Over for Coal
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Investors see that the worst may be over for the coal market after a series of output cuts around the world, said the chairman and chief executive officer of Peabody Energy Corp., the largest U.S. producer.
“We’ve had essentially flat pricing now for about nine months,” Greg Boyce said in an Oct. 24 phone interview. “All of the investors are encouraged that that represents kind of a bottom to the commodities cycle, but they’re waiting to see what happens in terms of the timing of that uptick.”