Fitch Solutions projects 27.9% drop in US coal production by 2028

摘要

Falling coal prices, rising operational costs and increased pressure from natural gas and renewable energy resources will push coal miners out of the market and reduce U.S. coal production volumes another 27.9% by 2028 compared to 2019 estimated production, according to Fitch Solutions Macro Research, a product of Fitch Solutions Ltd. Coal production is expected to decline to 680 million tons in 2019 before falling to 490 million tons by 2028, Fitch Solutions wrote. Already, the sector has witnessed numerous bankruptcy court restructurings due to competitive pressure from other energy sources in the U.S. and a recent weakening in demand for coal overseas.