[miningmx.com] – THE worst may be over for commodities markets and the coal sector in particular, said Bloomberg News citing Peabody Coal Corporation chairman and CEO, Greg Boyce.
“We’ve had essentially flat pricing now for about nine months,’ Boyce told Bloomberg News. “All of the investors are encouraged that that represents kind of a bottom to the commodities cycle, but they’re waiting to see what happens in terms of the timing of that uptick,’ he said.
“There’s going to be a long lag where you’ve got less supply than demand,’ he said. “That’s going to have a strong, strong pull for the sector.’
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