For all the talk of coal’s comeback under President Donald Trump, the actual rebound in U.S. production started months before November’s election -- and it may be fizzling out.
China kicked off the rally last year with its own production cuts, sending global prices for the fossil fuel skyrocketing. Since then, U.S. miners have benefited from a host of factors: Higher natural gas prices, Cyclone Debbie’s impact on Australian exports, and Wall Street’s nascent embrace of the sector as large miners including Peabody Energy Corp. emerged from bankruptcy and Trump began rolling back regulations.
