The Energy Report: Colin, the Japanese government is predicting higher-than-expected GDP growth of 2.5% for 2013. As the world’s second-largest importer of thermal coal, that should be good news for investors in that space. Are you buying Japan’s optimism?
Colin Healey: It’s a positive for Japan, but the news isn’t necessarily super bullish for thermal coal in a global context. China will remain much higher in terms of economic growth than Japan, and it will remain the top importer of thermal coal. China’s consumption of thermal coal will continue to be the major determinant in … [visit site to read more]
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