The Coal Market Bets Everybody Got Wrong

  • Coal miner didn't expect coking coal prices to keep falling
  • Market was battered by cheap gas, slowing China, India demand

Peabody Energy Files for Chapter 11 Bankruptcy

A year and a half ago, the chief executive officer of America’s biggest coal miner predicted a bottom to the commodities rout that had dragged prices to their lowest level in a decade.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.