Coal Cost May Rise 12% Next Year on Asian Demand

Bloomberg  Coal burned to generate power may jump 12 percent next year on Asian demand for the fuel and supply constraints in producer nations, Deutsche Bank AG said.

"Thermal coal has the potential to be the best performer of the bulk commodities in 2011," Brebner said.

Coal imports by China, the biggest user and producer, jumped 16 percent in September from the previous month, customs data show, the fourth consecutive such increase.

India imports about 67 million tons of coal a year, Coal Minister Sriprakash Jaiswal said on Sept. 24. The country's demand for the fuel may more than triple in the next two decades to 2 billion tons, he said.

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