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Half of World's Coal Output Is Unprofitable, Moody's Says

  • Most recent coking coal benchmark settlement at decade low
  • Illinois Basin stands to be most resilient amid headwinds
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Best of the Web: How Unprofitable is Coal?

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Half of the world’s coal isn’t worth digging out of the ground at current prices, according to Moody’s Investors Service.

The global metallurgical coal benchmark has fallen to the lowest level in a decade, settling last month at $89 a metric ton.