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IEA Cuts Coal Demand Outlook as China `Golden Age' Seen Over

  • Coal use to grow 0.8 percent annually over next 5 years
  • Prices seen staying under pressure by climate policies, shale
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The International Energy Agency cut its five-year coal demand forecast for a third year as it said the “golden age of coal in China” seemed over amid a slowdown in the world’s second-biggest economy.

Coal use will rise by 0.8 percent a year through 2020 to 5.8 billion metric tons of coal equivalent, less than the 2.1 percent predicted last year for the following five years, the Paris-based agency said Friday in its Medium-Term Coal Market Report. Half of the increase will come from India and a quarter from Southeast Asia, offsetting declining consumption in the U.S. and Europe, the group said.