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04 May
18:06

Peabody benefits from met coal demand spike

Increased US metallurgical coal demand and supply disruptions in the Australian market bolstered US supplier Peabody Energy’s bottom line in the first quarter, Kallanish learns from the company’s quarterly earnings review. “Peabody's first quarter results were significantly improved over the prior year across the platform, reflecting sharply higher coal demand in the United States and expanded Australian margins for both thermal and metallu…
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